Scott Horsley
Stories
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Health
A Sign Of Hope After 'Winter Hibernation': Employers Add 379,000 Jobs
Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
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Business
U.S. Job Market Gains Steam As COVID-19 Infection Rates Ease
Forecasters expect today's jobs report to show an uptick in hiring last month, after a disappointing January. The report comes as Congress is weighing another $1.9 trillion in economic aid.
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Health
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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Business
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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Politics
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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Politics
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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National
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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Politics
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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Business
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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Business
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.