Severe weather looks likely later this afternoon. The best chances appear to be between 3 p.m. and Midnight. Damaging winds, large hail, heavy rain, and an isolated tornado or two are possible. The area at the greatest risk for severe weather in eastern Kentucky is in the Cumberland Valley, near the I-75 corridor. Keep it locked here for updates.
WASHINGTON (AP) - The U.S. trade deficit widened in December after exports rose at half the pace of imports.
Still, exports to Europe rose at a healthy clip, a sign that the critical U.S. trading partner is buying American goods despite its weakened economy.
The Commerce Department says the trade deficit increased to $48.8 billion, the largest imbalance since June. Exports rose 0.7 percent. Imports rose a faster 1.3 percent.
For the 2011, the deficit climbed to the highest level since 2008 as both exports and imports rose to all-time highs. The $558 billion deficit for all of 2011 reflected a 14.5 percent increase in exports to a record $2.1 trillion and a 13.8 percent gain in imports to $2.66 trillion, also a record.