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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The Federal Reserve is expected to continue its crackdown on inflation by raising interest rates, but only by a quarter percentage point. That would be the smallest rate hike since last March.
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The U.S. economy grew at a healthy clip in the final months of 2022. But forecasters expect slower growth this year, as the Federal Reserve continues to crack down on inflation.
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The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse. -
The U.S. economy grew at a healthy clip in the final months of last year, but forecasters expect that to slow in 2023.
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With the potential of a default looming, Washington looks for answers on how to solve the debt ceiling impasse.
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The U.S. is expected to hit its debt ceiling Thursday, forcing the Treasury to take "extraordinary measures" to pay off its bills. A political stalemate could lead to an unprecedented federal default.
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Treasury Secretary Janet Yellen wants Congress to raise the federal debt limit fast to avoid a default. House Republicans say they'll use the negotiations to win concessions on government spending.
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Inflation cooled a bit last month as gas prices fell sharply and the price of new cars declined for the first time in nearly two years. Overall prices are still climbing much faster, however.
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Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.
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More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.
