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Consumers Didn’t Add To Debt Load In June

For the first time in four years, American consumers in June did not increase their debt burden.

Consumer debt outstanding was unchanged at a seasonally adjusted $1.22 trillion, the Federal Reserve said Thursday, following increases at annual rates of 2.5 percent in May and 8.9 percent in April.

Debt outstanding has grown each month since May 1993.

Credit-card debt in June grew at an annual rate of 5.8 percent, while auto loans outstanding fell at an annual rate of 0.2 percent.



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Administration seeks to expand immigrant family detention

UPDATED: 9:33 p.m.

The Trump administration is calling for the expanded use of family detention for immigrant parents and children who are stopped along the U.S.-Mexico border, a move decried by advocates as a cruel and ineffective attempt to deter families from coming to the United States.