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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Employers added a whopping 339,000 jobs in May, far above expectations, according to a report from the Labor Department on Friday. The unemployment rate rose to 3.7%, from 3.4% in April. -
If the federal government defaults on its debt, one surprising place investors would likely seek shelter is in the safety of U.S. Treasury debt.
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The Treasury Department is not set up to pay some of its bills and not others. But it may be forced into that situation, if Congress doesn't raise the debt ceiling soon.
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The Labor Department reports Wednesday on consumer prices for April. Inflation has cooled from a four-decade high last summer, but prices are still climbing too fast for comfort.
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The jobs figure is significantly higher than most forecasters expected. But the outlook for the labor market remains uncertain due to banking turmoil and rising interest rates.
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The Fed is expected to raise interest rates Wednesday for the tenth time in 14 months. While inflation is still well above the Fed's target, forecasters think this could be the last hike for a while.
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Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.
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The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.
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Tuesday is the deadline to file your income taxes. After years of underfunding, the IRS is beefing up to improve customer service, and to make sure people actually pay the taxes they owe.
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Forecasters at the Federal Reserve warn of a possible recession later this year. This past week brought new insights into how Americans are working, spending, and coping with inflation.
