Detailed text transcripts for TV channel - FOXNEWS - 20121210:10:46:00
In debt. borrowing on credit cards rose 3.4 billion the second mofrntnt increase in the past 10 months. while borrowing was up for the month consumer spending was down partially due to disruptions from super storm sandy. many consumers may have scaled back because of fears for the automatic spening cuts known as the fiscal cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrow...
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