Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: borrowing

Consumers getting more cautious on credit

WASHINGTON — Americans borrowed more in September to buy cars and attend college, but they charged less to their credit cards for a third straight month. The figures suggest that consumers are growing more cautious about taking on high-interest debt ...

Read More »

Hunt Valley-based Omega Healthcare Investors gets new credit facility

Omega Healthcare Investors Inc. of Hunt Valley, a real estate investment trust that invests in the long-term care industry, said it has obtained a new, unsecured credit facility from a syndicate of 10 national and international banks. The $475 million ...

Read More »

Fed plan good for borrowers, not retirees

WASHINGTON  — The Federal Reserve’s plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For retirees and others who need interest income? Not so great. Nor will low ...

Read More »

Fed’s low rates pledge supports global stocks

LONDON — A pledge by the Federal Reserve to keep extremely low interest rates for another couple of years has calmed investors’ jitters, sending stock markets around the world higher Wednesday. The Fed’s surprise announcement Tuesday that it would likely ...

Read More »

Senate debates debt limit bill, passage likely

WASHINGTON — Emergency legislation to allow the government to borrow more money headed toward passage in the Senate Tuesday with just hours to spare before the national debt bumps against its ceiling. Expected approval sends the bill to President Barack Obama, ...

Read More »

Consumers borrowed more for 8th month in May

WASHINGTON — Americans took on more debt in May and used their credit cards more for only the second time in nearly three years, stepping up borrowing just as the economy began to slump and hiring slowed. The Federal Reserve ...

Read More »

IMF urges U.S. lawmakers to raise $14.3T debt limit

WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets. The debt limit ...

Read More »

Consumers borrowed more for 7th straight month

WASHINGTON — Americans borrowed more money in April for the seventh straight month, but they cut back on using their credit cards. Consumer borrowing rose by nearly $7.2 billion, fueled by greater demand for school and auto loans, the Federal ...

Read More »