Traffic on the northbound and southbound lanes of the110 Freeway starts to stack up during rush hour traffic on February 5, 2013 in Los Angeles, United States. - 

The big economic story this morning is the U.S. trade deficit, which fell in December to its lowest level in three years.

Airlines are cancelling flights by the minute as a major winter storm bears down on the northeast. About 3,000 flights have alreday been cancelled today.

As Washington debates comprehensive immigration reform, one change is already in the works, starting next month the rules will be different for some immigrants who marry American Citizens.

And finally, to a new study about traffic from the transportation institute at Texas A&M. It says on average drivers in urban areas spend about 38 hours a year stuck in traffic. The worst city for that is Washington D.C. where it's 67 hours a year. LA is second at 61. See the rest of the top 15 worst cities for traffic here.

Follow Jeremy Hobson at @jeremyhobson