Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases. AP  According to the Federal Reserve, Consumer borrowing rose just $8 billion in March from February to a seasonally adjusted $2.81 trillion. It was the smallest increase in eight months. Is this a […]

According to an AP report “A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.” That same report stated that “The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months […]

…and bringing some jobs with them A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. NBCNews Hostess closed its factories in late November following a strike by the union. The company had been […]