Getting some breaking news out of the New York Fed. For that, we'll turn to Steve Leeman. Morning, Steve. >> Morning, Carl.Household debt, the third quarter New York Fed household debt and credit report, household debt uh balances rising uh by 197 billion. Call it 200 billion to 18.6% trillion. Uh that's a new record, but up only modestly.Mortgage and student loan and credit card debt all rose modestly. He locked debt up a little bit uh more actually a little bit elevated but auto loan debt which we've been ...

By Michael S. Derby (Reuters) -Overall U.S. household debt levels increased modestly in the third quarter as borrowing in some form of trouble stabilized and student loan woes increased, the New York Federal Reserve said on Wednesday. As part of its latest report on borrowing in the economy, the regional Fed bank said overall borrowing for the third quarter rose 1%, or $197 billion, from the second quarter, to $18.6 trillion. From a year ago, total borrowing was up $642 billion. Most categories of borro ...