Scott Horsley
Stories
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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.
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Looking back on the U.S. economy in 2024
2024 is drawing to a close with the US economy in good shape. Many people are still frustrated by high prices, but attitudes of Republicans and Democrats have moved in opposite directions since the election.
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Once again, the debt ceiling is roiling Washington. Here are 4 things to know
Lawmakers will have to authorize additional borrowing to pay the government's bills, but there's no reason it has to be done right away — except for politics.
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The Federal Reserve lowers interest rates again -- but hints at fewer cuts next year
The Fed lowered interest rates by a quarter percentage point — but policymakers are projecting fewer rate cuts next year as inflation remains elevated.
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The cost of borrowing money could get a little bit cheaper after Fed's meeting
The Federal Reserve is expected to lower its benchmark interest rate today. But additional rate cuts next year are in question, as inflation remains elevated.
