Tuesday, Oct 17, 2017
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BUSINESS BRIEF

Student, car loans lead rise in U.S. borrowing

WASHINGTON — Led by gains in auto and student loans, Americans increased their borrowing in November.

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

Almost all of the November growth was from an $11.9 billion rise in borrowing for auto and student loans.

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