WASHINGTON (AP) — The U.S. current account trade deficit widened from January through March as Americans earned less from overseas investments.
The Commerce Department says the deficit increased 3.7 percent in the first quarter to $106.1 billion. That's up a revised $102.3 billion in the fourth quarter of 2012.
The current account is the broadest measure of trade. It tracks not only the sale of goods and services but also investment flows and how much the U.S. must borrow from foreigners. The first-quarter deficit was equal to 2.7 percent of the total economy, up from 2.6 percent in the previous quarter.
For the first quarter, the deficit in goods fell $3.3 billion. The surplus in services, such as airline travel, increased $454 million. And Americans' surplus in their overseas investments fell $5 billion.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The judge presiding over the trial to oust District Attorney Rosemary Lehmberg ruled Wednesday that she'll stay in office.
Mack Brown’s longtime friend and attorney said Wednesday that the veteran coach of the Longhorns has not yet made a decision on his future, but that it will come soon.
The Austin City Council will take up billing errors and problems with the appeals process at Austin Energy during Thursday's meeting.
Options for high speed Internet in Austin continue to expand. Google Fiber is coming to Austin soon, and now AT&T has announced the city will be the first for its own faster-than-ever Internet speeds.
A 15-year-old girl told police she was abducted from the parking lot at Bastrop High School on Wednesday.
After hundreds of park-goers complained about a lack of off-leash dog space in the new design of Auditorium Shores, the Austin Parks and Recreation Board is hoping a compromise will alleviate any concerns.