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News In Brief

US trade deficit more than $100 billion for the first time

The nation's annual foreign trade deficit has risen above $100 billion for the first time ever, the Commerce Department reported Friday as it released figures for the first 10 months of the year.

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The news came despite the fact that the trade deficit fell to $9.18 billion in October, down sharply from the $12.64 billion shortfall recorded the month before. Last year's record trade deficit was $69.4 billion. October's increase lifted the trade deficit to $105.5 billion from January through October.

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