Economics
U.S. Trade Deficit Swelled to Biggest Since 2008 in July
- Surplus on services shrinks to smallest since August 2012
- Gap rose to $63.6 billion; estimate was for $58 billion
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The U.S. trade deficit swelled to the widest in 12 years in July, with the surplus on services plunging to the lowest since 2012, pointing to a bumpy economic recovery ahead.