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  • An export revival in the U.S. has been sparked by a dramatic drop in American natural gas prices, thanks to the shale boom fueled by well sites such as this one in Zelienople, Pa. The U.S. is now considered a highly desirable location for manufacturers relying on gas for energy and as a component in many essential materials. (Associated Press)

    Trade deficit on course for surplus

    While Washington wrestles with the nation's burgeoning budget deficits, some good news has emerged on the other deficit front: The nation's bloated trade deficit appears to be turning the corner, with at least one prominent economist predicting it will disappear altogether within a decade.

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