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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President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
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President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
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Consumer prices were up 2.7% from a year ago — a larger annual increase than the month before. -
The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been already attacking the central bank for not cutting interest rates. -
Recent college graduates are facing one of the most challenging job markets in years — with the exception of the pandemic period — even as the overall unemployment rate remains low. -
Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.
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Forecasters say for the first time in more than six decades, more immigrants are likely to leave the U.S. than come in this year. That could be a drag on the economy.
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The House of Representatives has passed the One Big Beautiful Bill. The package extends existing temporary tax cuts, makes cuts to Medicaid and adds spending on border security and defense.
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Budget analysts say the GOP tax cut and spending bill would add trillions to the government's debt over the next 10 years. Interest on the debt already costs taxpayers about $1 trillion per year.
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The GOP tax cut and spending bill passed by the Senate this week is expected to add trillions of dollars to the federal debt over the next decade. The savings would mostly go to top earners.
