Scott Horsley
Stories
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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.
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Trump's tariffs threat is dividing business owners across the country
Businesses are divided over Trump's plan to impose sweeping tariffs. Some companies welcome the protection from foreign competition, while others worry about rising costs and retaliation.
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President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
The incoming Congress is preparing to extend expiring portions of the 2017 tax cuts from the last Trump administration. Congressional bean counters say that will have little effect on economic growth.
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The possibility of tariffs in Trump's second term is dividing U.S. businesses
President-elect Trump has called for sweeping tariffs on all imports. Some domestic businesses would welcome that, but others warn it will mean higher prices for their U.S. customers.
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Prospect of tariffs in the new Trump administration divide U.S. businesses
President-elect Trump has called for sweeping tariffs on all imports. Some domestic businesses would welcome that, but others warn it will mean higher prices for their U.S. customers.
