WASHINGTON — The U.S. current account deficit dropped to $113.3 billion in the fourth quarter of 2010, down for the first time in 15 months, the Commerce Department said Wednesday.

The third-quarter deficit was revised lower to $125.5 billion from $127.2 billion initially estimated.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.