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US current account deficit drops to $98.9 billion

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WASHINGTON (AP) — The U.S. current account trade deficit narrowed in the April-June quarter to the lowest level in nearly three years. The imbalance fell to $98.9 billion in the second quarter, a drop of 5.7 percent from the first quarter deficit of $104.9 billion, the Commerce Department reported Thursday. The spring deficit was the lowest since a $93.8 billion imbalance in the third quarter...

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