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US consumer debt up in Dec. on student, auto loans

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WASHINGTON (AP) — Americans stepped up borrowing in December to buy cars and attend school. But they cut back sharply on credit card use, continuing a trend that could hold back growth this year. Consumer borrowing rose $14.6 billion in December from November to a total of $2.78 trillion, the Federal Reserve said Thursday. That's the highest level on record. The increase was driven...