TRADE DEFICIT SINKS TO LOWEST LEVEL SINCE JUNE

The U.S. trade deficit fell 11.5 percent in November to the lowest level since June. The Commerce Department said Wednesday the gap between what the United States sells and what it buys from other countries dropped to $49.3 billion from a revised $55.7 billion in October. American exports fell 0.6 percent to $209.9 billion, but imports fell faster, dropping 2.9 percent to $259.2 billion.