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Americans cut back on credit cards for 3rd month

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WASHINGTON (AP) — Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending. Consumers increased their borrowing $13.6 billion in August to a seasonally adjusted $3.04 trillion, the Federal Reserve said Monday. That's a record and it followed a gain of $10.4 billion in July. Once again, the increase in borrowing was...

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