US TRADE DEFICIT AT ITS HIGHEST LEVEL IN A DECADE
The Commerce Department said Thursday that the gap between what the U.S. sells and what it buys from foreign countries hit $55.5 billion in October, the fifth-straight increase and highest since October 2008. The politically sensitive deficit in the trade of goods with China rose 7.1% to a record $43.1 billion. Led by shipments of medicine and cars, overall imports rose 0.2% to a record $266.5 billion. Exports fell 0.1% to $211 billion.