US consumer borrowing up $12.3 billion in November

Published January 8, 2014 8:26pm ET



WASHINGTON (AP) — Americans increased their borrowing in November, led by continued gains in auto and student loans.

The Federal Reserve said consumers increased their borrowing by $12.3 billion in November to a seasonally adjusted $3.09 trillion. That is a record level and follows an October increase of $17.9 billion.

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