Content Tagged As borrowing
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'Really close' to debt deal as deadline nears
July 31, 2011 4:21 PM
WASHINGTON (AP) -- Racing to avoid a government default, President Barack Obama and Republican congressional leaders reached urgently for a compromise Sunday to permit vital borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. Senate Republican Leader Mitch McConnell said the two sides were... more » -
Consumers borrowed more for 8th month in May
July 8, 2011 3:14 PM
WASHINGTON (AP) - Americans borrowed more in May for the eighth straight month and used their credit cards more for only the second time in nearly three years. The Federal Reserve says consumer borrowing rose $5.1 billion following a revised gain of $5.7 billion in April. Borrowing in the... more » -
Consumers cut credit card borrowing for 24th month
October 7, 2010 3:15 PM
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month. The Federal Reserve says that borrowing by consumers declined by $3.3 billion in August. That marked the 18th drop in the past 19 months. Borrowing increased modestly for one-time... more »
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