Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.
WASHINGTON - Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.
Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
WASHINGTON - A resurgent U.S. job market that has lifted the economy appears to be enduring, adding jobs at a time when inflation remains relatively mild.
JACKSON, Miss. - The president of the Federal Reserve Bank in Atlanta says the Fed should act to further stimulate growth if the economy doesn't improve by year's end.
The Augusta company that owns First Bank of Georgia reported higher quarterly profits Wednesday.
ATLANTA --- Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself for a gradual economic recovery.
WASHINGTON --- Federal Reserve Chairman Ben Bernanke warned Monday that it's too soon to know whether the economic recovery will last and again pledged to hold rates at record-low levels for an "extended period."
WASHINGTON --- Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators' failure to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines, according to a bailout watchdog.
There is a growing sense among economists that the worst of the recession might be over. Unfortunately, the same can't be said for the labor market. Most forecasts predict that Americans are in for a long, painful slog as they try to get back to work.