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U.S. consumer borrowing plunged in April as households fretted about the disruptions caused by the coronavirus pandemic and cut back on their use of credit.
The Federal Reserve said last week that borrowing on credit cards rose by the largest amount in more than two decades in December.
The Federal Reserve said Friday that total consumer borrowing rose in October by a seasonally adjusted $18.9 billion, up from a September increase of $9.6 billion.
The Federal Reserve said overall consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June. It was the biggest monthly gain since a $29.9 billion jump in November 2017.
Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards.
U.S. consumer borrowing rose at a slightly faster pace in January as borrowing on credit cards rebounded after a slowdown in December.
After years of gathering annually at the National Interagency Fire Center in Boise to decry “fire borrowing” – the situation in which the Forest Service, each year, shifts millions from other programs when the costs to fight the West’s escalating wildfires balloons, thereby cutting prevention efforts meant to reduce that trend – a bipartisan group of congressmen and top agency officials had a different tone when they gathered at NIFC on Wednesday: celebration.
After years of gathering annually at the National Interagency Fire Center in Boise to decry “fire borrowing” – the situation in which the Forest Service, each year, shifts millions from other programs when the costs to fight the West’s escalating wildfires balloons, thereby cutting prevention...
A spending bill slated for a vote in Congress includes a bipartisan plan to create a wildfire disaster fund to help combat increasingly severe wildfires that have devastated the West in recent years. The bill sets aside more than $20 billion over 10 years to allow the Forest Service and other federal agencies end a practice of raiding non-fire...
American consumers increased their borrowing at a slower pace in January, as the category that covers credit cards recorded the smallest increase in three years.
American consumers increased their borrowing by $20.5 billion in October. It was the biggest gain in 11 months and reflected strong increases in the use of credit cards and in auto and student loans.
Responding to deadly wildfires in California and the West, House Republicans on Wednesday passed a bill to allow faster approval for logging and other actions to reduce the risk of fire in national forests. The House voted 232-188 to loosen environmental regulations for forest-thinning projects on federal lands...
Idaho Gov. Butch Otter has appointed Tony Potts, a property manager and salesman at Bish’s RV Supercenter in Idaho Falls, to replace longtime Sen. Bart Davis, R-Idaho Falls.
A bipartisan group of western senators introduced legislation today to allow states affected by catastrophic wildfires to tap into federal disaster mitigation assistance to help them recover. That assistance now goes to recovery efforts for other types of disasters, from hurricanes to floods, for which...
Western senators, led by Idaho Sen. Mike Crapo and Oregon Sen. Ron Wyden, are launching a full-court press to get a fix for the nation’s wildfire funding system through Congress now, while the nation is still gasping from a record fire season and coping with...
Western senators, led by Idaho Sen. Mike Crapo and Oregon Sen. Ron Wyden, are launching a full-court press to get a fix for the nation’s wildfire funding system through Congress now, while the nation is still gasping from a record fire season and coping with disasters from Texas to Florida to Puerto Rico.
American consumers increased their borrowing in May at the fastest pace in six months, reflecting a sharp rebound in the category that includes credit cards.
Failing to properly manage forests and reduce the fuel for fires leads to more intense fires and increased costs down the road.
Both of Idaho’s congressmen introduced legislation late last week, 2nd District Rep. Mike Simpson on reforming funding for fighting the nation’s wildfires, and 1st District Rep. Raul Labrador on limiting refugee resettlement...