U.S. business debt exceeds households’ for first time since 1991

U.S. BUSINESS debt has exceeded household debt for the first time since 1991. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
U.S. BUSINESS debt has exceeded household debt for the first time since 1991. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
WASHINGTON – United States business debt exceeded that of households for the first time since 1991, a potential warning sign for the economy as corporate investment softens. Nonfinancial companies boosted debt at a faster 5.7% annual pace in the third quarter to a total outstanding $15.987 trillion, while household borrowing slowed to a 3.3% rise…

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