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 price of electricity is soaring in the summer heat, when fans and air conditioners are working nonstop. In Tulsa, Okla., people are having their power cut when they can't pay their bills. -
The cost of electricity has been rising faster than inflation. Tulsa, Okla., has been baking in triple-digit temperatures. And some residents are in danger of having their power cut off.
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Canada is vowing to impose fresh tariffs on US goods in retaliation for Trump administration taxes. The moves come after talks between the two trading partners broke down late last week.
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Stocks fell and bond yields jumped on Thursday. The Treasury Department is trying to keep a lid on government borrowing costs but with limited success so far.
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The U.S. federal debt hit a record $40 trillion this week. The debt has doubled since 2017, and just paying interest on the accumulated debt now costs the government more than $1 trillion a year. -
The federal debt is growing even faster than expected. Just paying interest on the $40 trillion balance is now the government's second-largest expense, outpacing everything but Social Security.
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The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates — pushing up borrowing costs for everyone else. -
From inflation, to credit card debt, to who's actually doing the spending: These are key takeaways from this week in economic news. -
Inflation cooled a bit last month. Gas and grocery prices dipped and the overall cost of living rose more slowly, giving the Federal Reserve some breathing room for inflation control efforts.
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Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
