Scott Horsley
Stories
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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.
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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.
