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WASHINGTON, Nov. 7 (UPI) -- Consumer borrowing rose in the third quarter but credit card debt dropped, the U.S. Federal Reserve said Wednesday.
The Fed said non-revolving credit -- which includes auto loans, personal loans and student loans -- rose 6.6 percent. Revolving credit, which includes lines of credit and credit cards, fell 1.6 percent.
The third quarter ended Sept. 30 with total consumer debt at $2.737 trillion -- $1.885 trillion in non-revolving debt and $852 billion in revolving debt.
In total, consumer credit rose at an annual rate of 4 percent in the third quarter, the Fed said.
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WASHINGTON, May 9 (UPI) --
The U.S. government has an obligation to ensure that oil and natural gas deposits are developed responsibly, a natural resource advocate testified.
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CANBERRA, Australia, May 9 (UPI) --
Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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