Obama sets ambitious goal to reduce U.S. oil imports
WASHINGTON — Seeking to show the public he understands the burden of rising gas prices, President Barack Obama set an ambitious goal of reducing U.S. oil imports by one-third by 2025, and vowed to...
View ArticleU.S. trade deficit widens in March on pricier oil
WASHINGTON — U.S. companies sold the most goods and services overseas on records dating back 15 years. But a big jump in oil prices pushed the nation’s trade deficit higher in March. The trade deficit...
View ArticleUS current account deficit jumps from 14-year low
A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.
View ArticleCheaper oil lowers US current account deficit in 2nd quarter
Cheaper oil imports and greater U.S. exports lowered the deficit in the broadest measure of U.S. trade in the April-June quarter.
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