Scott Horsley
Stories
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Business
Many Would Like Direct Payments Included In Next Relief Package
As Congress argues over what should go in the next coronavirus relief aid, cash from the government is popular with many. But economists say it's not the best way to prop up a sagging economy.
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World
China's Global Trade Surplus Reaches Record High
China's trade surplus ballooned last month to a record $75 billion. Much of the increase came from a surge in exports to the United States.
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Health
'Warning Signs Flashing': Job Growth Slows Sharply As Pandemic Takes Toll On Economy
U.S. employers added just 245,000 jobs last month, as the runaway pandemic continued to weigh on hiring. The unemployment rate fell to 6.7% from 6.9% in October.
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National
Millions Face Bitter Winter If Congress Fails To Extend Relief Programs
A bipartisan group of Senators is proposing a nearly $908 billion compromise relief bill with millions of Americans about to fall off a cliff when benefits expire this month.
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Health
Unemployment Claims Jump For Second Week As Pandemic Rages
Claims for state unemployment benefits again rose last week, signaling ongoing weakness in the job market as coronavirus infections continue to soar.
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Business
Historic Milestone: Dow Surges Past 30,000 Points For 1st Time
The Dow Jones Industrial Average and S&P 500 hit new highs Tuesday. But millions of Americans are out of work and COVID-19 cases are soaring, with no relief in sight. Why are investors optimistic?
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Politics
Yellen Reportedly Tapped To Become Treasury Secretary
President-elect Joe Biden reportedly plans to nominate Janet Yellen to be Treasury secretary. She would be the first woman to hold the job if confirmed
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Politics
Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment
Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.
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Business
Vaccine Could Unlock Trillions In Spending, Leading To 'Biden Boom'
Pent-up demand from households that have been cooped up over the last eight months could drive a spending boom in the spring, providing a big boost to the economy.
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Health
Unemployment Drops, But Pandemic Surge Clouds Hopes For Recovery
U.S. employers added 638,000 jobs last month, as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.