Business

US Consumer Borrowing Hits Fresh Record in July

MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — U.S. consumer borrowing climbed to a fresh record in July, the latest evidence that the U.S. economy is on track to grow at a healthy pace in the second half of this year. The Federal Reserve says Read More

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Business

US Consumer Spending Slows to 0.2 Percent Gain

MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — U.S. consumers slowed their spending in September, even as overall income grew at solid pace for the second straight month. Consumer spending rose 0.2 percent in September, after at 0.3 percent gain the previous month, the Commerce Read More