Scott Horsley
Stories
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Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs
Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
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All Things Considered
U.S. Retail Spending Jumps, Coincident With Federal Relief Payments
Retail spending rebounded strongly last month after three months of decline. The jump was fueled partly by $600 federal relief payments, which hit people's bank accounts at the beginning of the month.
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Morning Edition
Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan
As impeachment fades into the rearview mirror, lawmakers will be focused on President Biden's proposed $1.9 trillion economic rescue package. Economists are debating that level of federal spending.
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Federal Budget Deficit Expected To Hit Second Largest Since World War II
Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden's proposed $1.9 trillion coronavirus relief plan.
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All Things Considered
Some Black-Owned Businesses Are Turning To New Banks For Paycheck Protection Loans
Black-owned businesses were among the last to receive paycheck protection loans last year. Now, some businesses are turning to banks that specialize in working with Black and brown customers.
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Neera Tanden Apologizes After Comparing GOP Senators To Voldemort And Vampires
President Biden's pick to lead the Office of Management and Budget apologized for previously insulting Republicans and promised to work in a bipartisan manner if confirmed.
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Morning Edition
U.S. Adds Just 49,000 Jobs In January, 'Not Anywhere Close' To Recovering Lost Jobs
U.S. employers added 49,000 jobs last month, after a pandemic-driven slump in December. Unemployment fell to 6.3%.
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Morning Edition
U.S. Economy Slows Sharply As Pandemic Resurges
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a surge in coronavirus infections weighed on in-person businesses like restaurants.
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Down But Not Out: Pandemic Likely Dealt Blow To Economy But There's Room For Hope
The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.
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Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary
Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.