Economic Buzz: US Trade Deficit Narrows To $49.3 Billion In November

US trade deficit narrowed to $ 49.3 billion in November from a revised $ 55.7 billion in October. A government shutdown-delayed report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed by much more than anticipated in the month of November. The much narrower than expected deficit largely reflected a steep drop in the value of imports, which plunged by 2.9 percent to $ 259.2 billion in November after rising by 0.4 percent to $ 266.9 billion in October.