WASHINGTON — Americans boosted their borrowing in October, led by another big increase in auto and student loans and the biggest rise in credit card debt in five months. Consumers increased their borrowing by $18.2 billion in October to a ...

Tagged with: american Banking Banks borrowing Business consumer credit loans Retail

WASHINGTON — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday. The Bipartisan Policy Center analysis says the ...

Tagged with: Barack Obama borrowing Congress debt limit default finance legislation social security united states

WASHINGTON — Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since fall 2010. Increased borrowing typically means that consumers are feeling more confident. ...

Tagged with: borrowing Business business news consumers credit cards debt Economy federal reserve homes Real Estate

Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month. The Federal Reserve said Friday that consumer borrowing rose $11.1 billion in April from March ...

Tagged with: Banks borrowing consumer credit cards debt Economy federal reserve spending united states

WASHINGTON – The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don’t expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low ...

Tagged with: Banks Ben Bernanke borrowing Business business news Economy federal reserve federal reserve bank Government

WASHINGTON — Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve says consumers increased their borrowing by $14.2 ...

Tagged with: borrowing consumers economic news Economy federal reserve

WASHINGTON — Americans cut back on borrowing in July for the first time in nearly a year. Credit card use fell for the second straight month, suggesting many consumers remain cautious in the face of high unemployment and slow growth. ...

Tagged with: americans Banking borrowing consumers decrease loans united states

WASHINGTON — Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as many kept taking out loans to buy cars ...

Tagged with: Banking Banks borrowing consumer credit card debt federal reserve bank great recession loans washington

WASHINGTON — Federal Reserve Chairman Ben Bernanke painted a dark picture of where the U.S. economy is headed if Congress fails to reach agreement soon to avert a budget crisis. “It would probably knock the recovery back into a recession ...

Tagged with: Ben Bernanke borrowing Congress congressional budget office democrats Economy european debt crisis federal reserve growth interest rates investors Manufacturing politics republicans Senate Banking Committee Stocks tax cuts tax hikes

WASHINGTON — Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began. But overall credit card use is still well below where it was just before ...

Tagged with: auto loans borrowing consumer confidence credit cards Economy federal reserve job market Retail student loans