- US consumer borrowing accelerated in December Updated: Feb-05-16 3:24 pm
WASHINGTON - U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.
- Correction: November US consumer credit story Updated: Jan-11-16 4:15 pm
WASHINGTON - In a story Jan. 8 about the Federal Reserve's November consumer credit report, The Associated Press reported erroneously in the final paragraph that consumer credit rose $15.6 trillion in October and $14 trillion in November. It rose $15.6 billion in October and $14 billion in November.