Scott Horsley
Stories
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Business
Fed Prepared To Let Economy Run Hotter
The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation.
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National
South Dakota Governor Rejects Trump's Plan For Expanded Unemployment Benefits
South Dakota's governor has rejected President Trump's executive action to boost unemployment benefits. Critics say that move is shortsighted in a state where tens of thousands of remain out of work.
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Business
New Jobless Claims Dip Below 1 Million For 1st Time Since March
Initial unemployment claims had been above 1 million for 20 straight weeks. The total receiving unemployment also dipped, to 28.3 million, as of July 25.
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Politics
Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet
President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.
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Health
Long Road To Recovery: Hiring Slows In July, As U.S. Employers Add 1.8 Million Jobs
U.S. employers added 1.8 million jobs in July, down from 4.8 million the month before. The unemployment rate inched down to 10.2%.
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Business
Congress Fails To Reach Agreement On New COVID-19 Relief Bill
Congress is stalled in the latest round of stimulus talks, as they try to negotiate another round of pandemic relief payments. What are the economic consequences for Americans?
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Business
The Pandemic Has Hit Some Businesses Hard, Others Are Benefitting
In a week of bleak economic news, some companies are finding ways to prosper. Amazon notched record profits during its most recent quarter, but Google's parent company saw its first drop in sales.
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National
Fed Wraps Up Policy Meeting Over Ways To Fortify Economy Shaken By The Pandemic
The Federal Reserve wrapped up a two-day policy meeting Wednesday. The central bank has moved aggressively to prop up the economy, but Fed Chairman Jerome Powell said more help might be needed.
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Business
Stay-At-Home Improvement: DIY Builders Help Drive Up Lumber Prices
With summer travel plans on hold because of the pandemic, a lot of Americans are putting money into projects around the house. That's taxing lumber supplies and pushing prices higher.
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Politics
Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth
The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.