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Friday - May 24, 2013

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Pipeline project creates unease

WASHINGTON — Americans stepped up borrowing in January to buy cars and attend school, while staying cautious about using their credit cards.

The Federal Reserve says consumer borrowing rose $16.2 billion in January from December to a total of $2.8 trillion. That's the highest level on record.

A category that covers student loans and auto loans grew $16 billion after an $18.3 billion gain in December.

Consumers barely increased credit card debt in January, when higher Social Security taxes lowered take-home pay for most workers.

A measure of credit card debt rose only $106.1 million. That followed a $3.2 billion drop in December.

1. Buyers are starting to ignore the Malibu
2. Pipeline project creates unease
3. Wheelchair-bound woman’s passion for independence drives electric-car prototype
4. Payout to American Airlines CEO opposed
5. Stock market ends week with loss
6. Unions wary of new health care law
7. China to give U.S. access to audit records
8. Wal-Mart plasters stores with green dots
9. Rue21 to be taken private in $1.1B deal
10. PUC probes claims by electric suppliers
11. Profit drops 29 percent in first quarter at American Eagle Outfitters

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