US consumer borrowing up $10.4 billion in July, but Americans cut back again on credit cards

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: September 9, 2013 - 3:50 PM

WASHINGTON — Americans cut back on using their credit cards in July for the second straight month, while taking on more debt to buy cars and attend school. The decline in credit card use suggests consumers remain cautious, a trend that could hold back economic growth.

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denialoSep. 9, 13 7:12 PM

More encouraging news under the Obama administration. Sweet!

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