Scott Horsley
Stories
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Politics
Janet Yellen Says U.S. Could Run Out Of Cash To Pay Its Bills In Less Than 3 Weeks
Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.
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Politics
A High-Stakes Political Game Of Chicken Is Playing Out In Washington This Week
Senate Republicans are expected to block a vote to extend government funding and the raise the federal debt ceiling, increasing the odds of a government shutdown and a debt default in mid-October.
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Health
The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year
The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.
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Business
As Fed Meeting Wraps Up, Interest Rates Will Likely Remain Near Zero
The Federal Reserve ends a policy meeting Wednesday. No changes are expected in interest rates, but investors will be watching for hints as to when the central bank may lessen support for the economy.
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Business
Inflation Slowed A Bit Last Month, But Prices Are Still Rising
Prices have been climbing at the fastest pace in over a decade, as Americans pay more for gas, groceries and other items. The Labor Department issues its latest data for the month of August.
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National
A Handful Of Big Meat Packing Companies May Be Pushing Up The Price Of Groceries
The Biden administration says part of the reason grocery prices are climbing is the consolidation in the meat packing industry. Just four firms are said to have a stranglehold on the market.
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National
Hiring Slowed In August With The Surge In Coronavirus Cases
Hiring slowed sharply in August, as businesses and would-be workers responded to a surge in new coronavirus cases. Employers added just 235,000 jobs, and the unemployment rate dipped to 5.2%.
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Business
U.S. Hiring Slows Sharply As Latest Coronavirus Surge Slams The Brakes On The Economy
Hiring slowed in August as a surge in new coronavirus infections weighed on the economic recovery. Employers added just 235,000 jobs last month, a sharp drop from June and July.
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Health
Millions Will Lose Unemployment Benefits. That Doesn't Mean They'll Return To Work
Enhanced unemployment benefits launched during the pandemic expire next week, cutting a vital lifeline for millions of jobless Americans. Research suggests most will not find work right away.
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How The U.S. Is Handling The Rise In Inflation
We look at the latest inflation numbers — which are high and rising — and how the federal government plans to respond to those figures.