Business briefs

For Tuesday, July 10, 2012

By Star-Advertiser Staff and News Services

POSTED: 01:30 a.m. HST, Jul 10, 2012

~~Credit card use rises
WASHINGTON >> Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began. Consumer borrowing rose by $17.1 billion in May from April, the Federal Reserve said Monday. The gain drove total borrowing to a seasonally adjusted $2.57 trillion, near the high of $2.58 trillion in July 2008.
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Credit card use rises

WASHINGTON >> Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began. Consumer borrowing rose by $17.1 billion in May from April, the Federal Reserve said Monday. The gain drove total borrowing to a seasonally adjusted $2.57 trillion, near the high of $2.58 trillion in July 2008. Login for more...