Scott Horsley
Stories
-
Trump's tariffs could cut deficit by $2.8 trillion over next decade — with caveats
Forecasters at the Congressional Budget Office say President Trump's tariffs could shave $2.8 trillion off the federal debt if they remain in place for a decade. That's a big if.
-
Trump's tariffs could cut deficit by $2.8 trillion over next decade -- with caveats
The Congressional Budget Office projected President Trump's tariffs could raise trillions of dollars over the next decade — but they could also lead to higher inflation and slower economic growth.
-
With steel tariffs doubling today, a North Carolina manufacturer wonders how to compete
President Trump is doubling tariffs on steel and aluminum to 50%. It's designed to protect domestic steel and aluminum workers, but critics say it will raise prices for those that use the metals.
-
Businesses and trading partners are in limbo after a pair of federal court rulings
Imports to the U.S. fell sharply last month, as President Trump's worldwide tariffs took effect. But the future of those tariffs is in question after a pair of federal court rulings this week.
-
As courts move to block Trump tariffs, small business owners dare to hope
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.
-
Federal trade court blocks Trump's emergency tariffs, saying he overstepped authority
A federal trade court ruled Wednesday that many of the tariffs President Trump has imposed so far exceeded his power under the International Economic Emergency Powers Act.
-
Shaky personal finances aren't stopping Americans' summer travel plans
Memorial Day marks the start of the summer travel season. Many Americans are feeling more budget-conscious but that won't stop them from hitting the road.
-
President Trump rattles markets again with new tariff threats
President Trump rattled markets again Friday with new tariff threats. The president is calling for high taxes on imported iPhones and goods from Europe.
-
No more pennies: In big change, Treasury will stop minting them
In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal tender. There are more than 100 billion pennies in circulation but many are gathering dust in change jars and forgotten pockets.
-
Taxing questions for IRS nominee
The Senate Finance Committee held a hearing today on President Trump's nominee to lead the IRS. It comes as the agency has laid off thousands of workers, including nearly a third of its auditors.
