Scott Horsley
Stories
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The Federal Reserve holds interest rates steady as inflation remains stubborn
The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.
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Billionaire investor Scott Bessent is confirmed as Treasury secretary
Bessent won Senate confirmation with the support of more than two dozen Democrats.
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Trump inherits a strong economy by the numbers. What's his plan to lower prices?
President Trump is promising a new golden age for the U.S. economy. Americans are enjoying strong growth and low unemployment, although many are still unhappy about the high cost of living.
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There is one major gift Trump is inheriting from Biden: A good job market
U.S. employers added more than a quarter-million jobs in December, according to the Labor Department. That's far more than forecasters were expecting.
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Trump doubles down today on his threat to impose steep tariffs on Canada
President-elect Trump doubled down on his threat to impose economic pressure against Canada. The warning comes one day after Canadian Prime Minister Justin Trudeau announced his plans to step down.
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U.S. Steel sues to salvage its sale to Japan's Nippon Steel
U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.
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US Steel sues Biden administration for blocking its sale to Nippon
US Steel has gone to court to salvage its sale to a Japanese steelmaker. President Biden moved to block that sale last week, citing national security concerns.
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Biden formally blocks the sale of U.S. Steel to a Japanese steelmaker
President Biden formally blocked the sale of U.S. Steel to a Japanese steelmaker, citing national security concerns. The company said that it may have to cut thousands of union jobs without the sale.
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Biden, citing national security concerns, blocks sale of U.S. Steel to Nippon
In a statement, President Biden said a deal would have imperiled U.S. supply chains. Critics say the move could backfire, weakening a domestic steelmaker.
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Trump points to Gilded Age to push tariffs. Experts say it's a misreading of history
In a New Year's Day post on Truth Social, President-elect Trump touted the benefits of tariffs, pointing to the Gilded Age. But economists found tariffs did not make American manufacturing great.
