Scott Horsley
Stories
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National
Inflation was higher than expected in February
Inflation was a little hotter than expected in February, for the second month in a row. Rent and gasoline drove much of the monthly increase. Food prices were flat.
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National
U.S. employers added more jobs in February than expected, but unemployment inched up
U.S. employers added 275,000 jobs in February — more than forecasters had expected. Wages are growing faster than inflation, giving a boost to workers' real purchasing power.
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Politics
Biden touts economic 'comeback' in election-year pitch to skeptical voters
President Biden used his State of the Union speech to highlight economic gains and draw a contrast with his GOP opponents. Polls shows many voters give Biden low marks for his economic stewardship.
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Politics
The U.S. sharply limits how much credit cards can charge you in late fees
The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
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Business
'Everything is rising at a scary rate': Why car and home insurance costs are surging
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
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Politics
Here's a big reason why people may be gloomy about the economy: the cost of money
Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.
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Business
Mounting toll of natural disasters is partly to blame for rising home, auto insurance
The cost of home and auto insurance has been going through the roof, and not just in disaster-prone parts of the country. That's leading some people to scale back coverage or even do without.
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Business
Checking in on the economy ahead of election season
Shoppers are still spending, just a little less freely than before as inflation remains higher than ideal and keeps interest rates similarly high.
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National
Two major credit card companies, Capital One and Discover Financial, may join forces
Two of the nation's biggest credit card companies hope to combine forces. Capital One has offered to buy Discover Financial in a deal valued at $35 billion.
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Food
Good thing, wings cost less and beer's flat: Super Bowl fans are expected to splurge
Super Bowl food: Chicken wings are a bargain this year, but beef prices are climbing. Here's a playbook for staying well fed without having a your wallet thrown for a loss.