US Consumer Credit Rises In May For 8th Straight Month
Economy, U.S. Sunday, July 10th, 2011
U.S. consumer borrowing rose in May as credit-card debt climbed for only the 2nd time since the financial crisis flared, sounding a rare positive note for an economy that is barely generating any jobs. Consumer credit rose by $5.08 billion, the 8th consecutive increase, according to the Federal Reserve in a report Friday used [...]