U.S. Current Account Deficit Widens to 14-Year High in Second Quarter


us collapse economic worthy christian news(Worthy News) – The U.S. current account deficit increased to a 14-year high in the second quarter as businesses boosted imports to replenish depleted inventories amid robust consumer spending.

The Commerce Department said on Tuesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 0.5% to $190.3 billion last quarter. That was the largest shortfall since the second quarter of 2007.

Data for the first quarter was revised to show a $189.4 billion gap, instead of $195.7 billion as previously reported. [ Source: US News and World Report (Read More…) ]

12
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Iran’s Khamenei Calls for ‘Jihad’ as Tehran Moves to Shield Hezbollah From Disarmament
Rare First Temple-Era Figurine Mold Discovered in Jerusalem
German Police Kill Suspect In Deadly Berlin Pride Islamist Terror Attack (Worthy News In-Depth)
Church Attacked By Mob In Egypt And Christians Face Continuing Pressure
Christian Man Vanishes In Pakistan As Concerns Mount Over Missing Believers, Jailed Christians
9/11 Families Petition to Bar Mayor Mamdani From 25th Anniversary Ground Zero Ceremony
Netanyahu Heads to Washington for High-Stakes Meeting With Trump
Trump Denies Reports U.S. Is Running Out of Munitions Amid Iran Conflict
Typhoon Noul Slams Southern China, Forcing More Than 800,000 to Evacuate
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News