Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Horsley spent a decade on the White House beat, covering both the Trump and Obama administrations. Before that, he was a San Diego-based business reporter for NPR, covering fast food, gasoline prices, and the California electricity crunch of 2000. He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.
Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire. Horsley began his professional career as a production assistant for NPR's Morning Edition.
Horsley earned a bachelor's degree from Harvard University and an MBA from San Diego State University. He lives in Washington, D.C.
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From streaming TV to razor blades by mail, Americans are buying more goods and services through pay-by-the-month plans. New research shows they often keep paying long after they want to.
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The Labor Department's new cost of living report showed an uptick in inflation last month — for the first time in a year. The 3.2% jump in consumer prices was within expectations.
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The Labor Department releases its monthly report card on the job market Friday morning. While rising interest rates have been a drag on some parts of the economy, overall hiring remains strong.
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Rating agency Fitch has cut the U.S.' credit rating, lowering it by one notch from the top grade. It cited big government deficits and a deterioration in governance over the last two decades.
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The federal government's budget gap widened significantly in the first nine months of the fiscal year, as tax receipts slumped and spending increased.
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New numbers out Wednesday are expected to show the inflation rate in June was just over 3%. That's a big improvement from this time last year, when inflation topped 9%.
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The report marks another solid month of job growth. But the growth was slower than in previous months — an indication that a hot labor market could be cooling.
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Spending on travel and entertainment is up, even as Americans contend with stubborn inflation. One reason the economy is doing so well is that people keep spending money.
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The Federal Reserve will close a policy meeting, with officials expected to leave interest rates unchanged. But future hikes are possible, as the central bank wrestles with stubbornly high inflation.
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The Labor Department reports Tuesday on May's inflation rate. While inflation has cooled since last summer, prices are still rising faster than the Federal Reserve would like.