Scott Horsley
Stories
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DOJ subpoenas Federal Reserve in escalating pressure campaign
The Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
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Hiring slows in December to end the weakest year of job growth since the pandemic
U.S. employers added 50,000 jobs in December, according to a report from the Labor Department Friday. Measured annually, job gains in 2025 were the slowest since 2020.
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Trump to meet with U.S. oil executives for help reviving Venezuela's oil industry
President Trump wants U.S. oil companies to help revitalize Venezuela's struggling oil industry. But with oil prices low and the political future uncertain, oil companies may be reluctant to gamble.
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New redesigned coins marking nation's 250th birthday begin circulating today
New coins marking the United States' 250th anniversary begin circulating this week. The Trump administration tweaked the design of some coins and is considering a dollar coin featuring the president.
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The state of the U.S. economy as 2025 draws to a close
The U.S. economy chugs into the new year in stronger shape than many forecasters had expected. But Americans remain wary about the high cost of living.
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Inflation cools slightly in November as worries about affordability grip Americans
The cost of living in November was up 2.7% from a year ago, according to a report Thursday from the Labor Department. That's a smaller annual increase than for the 12 months ending in September.
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The U.S. added just 64,000 jobs in November -- a sign the labor market is slowing
Hiring cooled this fall, according to delayed figures released by the Labor Department Tuesday. Employers added 64,000 jobs in November as the unemployment rate rose to 4.6%.
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Federal Reserve votes to cut interest rates for a 3rd time
The Federal Reserve voted to cut interest rates Wednesday by another quarter percent, in an effort to prop up a sagging job market. Fed officials warned they'll be cautious about more cuts in 2026.
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A divided Fed cuts interest rates for third straight time
The Federal Reserve voted to cut its benchmark interest rate on Wednesday. This was the Fed's third rate cut since September, but policymakers signaled they expect to make fewer rate cuts next year.
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A divided Fed is expected to cut rates for a 3rd straight time
The Fed is expected to lower its benchmark interest rate by a quarter percentage point — but with inflation stubbornly high and mixed signals from the job market, it could be a split decision.
