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 Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.
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Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates. -
The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red. -
Olivia and Liam are the most popular baby names in the U.S. for the fifth consecutive year, according to an annual tally by the Social Security Administration. -
Social Security benefits are facing an automatic cut in less than 10 years unless changes are adopted. The report from Social Security trustees predicts the fund will be exhausted in November of 2033.
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Social Security's finances have improved slightly in the last year. But the popular retirement program still faces big challenges including the threat of automatic benefit cuts in less than a decade. -
Restaurant earnings and pricing tell us the economy is still troubled by inflation but not badly enough for consumers to give up eating out.
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U.S. employers added 175,000 jobs in April. That's the smallest number in six months. A gradual cooling of the job market may help to ease concerns about inflation.
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April's job growth was down from the previous month, according to a new Labor Department report. The unemployment rate rose slightly, from 3.8% to 3.9%, but remains low by historical standards.
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The Federal Reserve held interest rates steady, and investors now think borrowing costs could stay higher for months to come. Inflation remains stubbornly above the Fed's 2% target.
