Consumer borrowing up 7.4 percent (El Paso Times)
Story date: 2008-01-10 01:35:56
Added on: 2008-01-10 15:00:05
WASHINGTON—Consumer borrowing rebounded in November as credit card debt shot up by the largest amount in six months. The Federal Reserve reported Tuesday that consumer borrowing rose at an annual rate of 7.4 percent in November, far higher than the 1 percent rise in October.
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