CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
Dallas County Commissioner John Wiley Price arrested | MORE
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

US Trade Deficit Widens To $42.3 Billion In May

The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing.
    The Commerce Department says the trade deficit increased 4.8 percent to $42.3 billion, the largest imbalance since November
2008. American exports of goods and services rose 2.4 percent but this increase was outpaced by a 2.9 percent rise in imports.
    American manufacturing has been a standout performer so far in this recovery, benefiting from a global economic recovery. But the concern is that export sales will be hurt by the European debt crisis, which has dampened growth prospects in Europe.
   
    (Copyright 2010 by The Associated Press.  All Rights Reserved.)