Scott Horsley
Stories
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Transatlantic alliances fray as Trump threatens tariffs regarding Greenland
Attendees at Davos are steeling themselves for major disruption — not only to the local traffic thanks to heightened security, but possibly to the existing world order.
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Inflation steadies but it's still higher than many would like
Inflation didn't get worse in December. But it didn't get better. Prices were up 2.7% a year ago. A drop in gasoline prices was more than offset by rising grocery and electricity bills.
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What to know about Trump's ugly feud with the Federal Reserve
A Justice Department probe of the Federal Reserve marks the latest escalation in the Trump administration's effort to bend the independent central bank to the president's will.
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Fed Chair Jerome Powell stands up to Trump
Federal Reserve chair Jerome Powell usually tries to avoid getting dragged into a fight with the Trump administration. But now that the DOJ has launched a probe of the central bank, he's on offense.
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DOJ subpoenas Federal Reserve in escalating pressure campaign
The Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
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Hiring slows in December to end the weakest year of job growth since the pandemic
U.S. employers added 50,000 jobs in December, according to a report from the Labor Department Friday. Measured annually, job gains in 2025 were the slowest since 2020.
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Trump to meet with U.S. oil executives for help reviving Venezuela's oil industry
President Trump wants U.S. oil companies to help revitalize Venezuela's struggling oil industry. But with oil prices low and the political future uncertain, oil companies may be reluctant to gamble.
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New redesigned coins marking nation's 250th birthday begin circulating today
New coins marking the United States' 250th anniversary begin circulating this week. The Trump administration tweaked the design of some coins and is considering a dollar coin featuring the president.
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The state of the U.S. economy as 2025 draws to a close
The U.S. economy chugs into the new year in stronger shape than many forecasters had expected. But Americans remain wary about the high cost of living.
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Inflation cools slightly in November as worries about affordability grip Americans
The cost of living in November was up 2.7% from a year ago, according to a report Thursday from the Labor Department. That's a smaller annual increase than for the 12 months ending in September.
