Consumer credit in the U.S. declined in December for an 11th straight month, signaling a lack of job growth and limited bank lending are discouraging borrowing. The $1.7 billion drop in credit, less than economists anticipated, followed a record $21.8 billion slump in November that was larger than first estimated, according to a Federal Reserve report released today in Washington.
By editor Feb 5, 2010, 3:20 PM
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