Scott Horsley
Stories
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3 share Nobel Prize in Economics for work on technology, growth and creative destruction
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction.
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Head of Social Security tapped to run IRS, sparking concerns
Frank Bisignano has been tapped to run the IRS, but he's already in charge of the Social Security Administration. Critics worry one person running two critical agencies is a mistake.
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Shutdown has already delayed the jobs report. More critical reports could be held up
The government's monthly jobs report was not published Friday as a result of the federal shutdown. That's left businesses and policymakers in the dark about the strength of the U.S. job market.
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Government shutdown delays release of monthly jobs report
Typically, the first Friday of the month is when the Labor Department releases its report on jobs and unemployment. But because of the government shutdown, that report is delayed.
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Trump's controversial nominee drops bid to head vital data-gathering agency
Trump's pick to lead the agency tracking unemployment and inflation has withdrawn after withering criticism from across the political spectrum. The White House says a new nominee will be named soon.
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Supreme Court says Federal Reserve Governor Lisa Cook can stay -- for now
The Supreme Court has temporarily blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, a move that critics say would have compromised the central bank's independence
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Government shutdown could delay key economic reports at an especially sensitive time
The federal government shutdown, which began overnight, will delay key reports on the U.S. economy, including a monthly snapshot of the job market, which was scheduled for release on Friday.
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Trump announces a new round of tariffs
President Trump has ordered steep new tariffs on imported drugs, home furnishings, and trucks. The president's import taxes are pushing inflation higher. But that's not slowing consumer spending.
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Grocery prices have jumped up, and there's no relief in sight
Groceries saw their biggest jump in nearly three years last month, a worrisome sign for inflation-weary shoppers. Tariffs are contributing to higher prices for imported staples like bananas and coffee.
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Facing Trump's pressure, the Federal Reserve cuts rates for the first time this year
The Federal Reserve lowered its benchmark interest rate for the first time this year, but President Trump is demanding bigger rate cuts.
