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U.S. auto lending has surged in recent years to a record $1.1 trillion, partly fueled by low interest rates and low downpayment requirements. Now delinquencies are starting to rise.
Donald Trump's presidency has been a boon for a private prison company that backed his campaign.
Some kind of spending deal will have to be in place by Saturday in order to avoid the mayhem.
U.S. stock futures rise and European shares are mostly higher as global markets rally in the wake of Emmanuel Macron's victory in the first round of France's presidential elections.