91ÊÓƵ

The U.S. trade deficit fell in July to its lowest level in five months as exports rose broadly, signaling underlying strength in the economy amid concerns about a global growth slowdown.

The trade deficit in the United States widened in June as the strong dollar lifted imports and hobbled exports, representing a hurdle for economic growth.

The U.S. trade deficit widened in May as exports declined by the most in three months, showing businesses were having trouble drumming up sales to overseas customers.

The U.S. Senate approved legislation June 23 that would give President Obama enhanced authority to complete free-trade deals, including a landmark agreement with Pacific nations.

The House late last week approved a bill intended to speed free trade deals, legislation that is backed by business groups and the Obama administration.

The House plans to vote June 18 on a bill to revive President Obama’s fast-track trade proposal, members were told June 17.

The Obama administration and Republican leaders don’t have a clear plan to resurrect the president’s trade agenda and are giving themselves until the end of July to find a way to overcome resistance from congressional Democrats.