Scott Horsley
Stories
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Cloudy with a chance of showers? All eyes on Fed's economic forecast today
The Federal Reserve is expected to hold interest rates steady Wednesday. Members of the central bank's rate-setting committee will telegraph their plans for possible rate cuts later this year.
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Oil prices jump and stocks tumble following Israel's attack on Iran
Israel's attack on Iran sparked the biggest jump in crude oil prices since Russia's invasion of Ukraine more than three years ago. Stocks fell sharply.
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The GOP's massive bill would benefit the rich the most -- while hitting the poor
The top 10% of earners in the U.S. would see the biggest gains under the GOP tax and spending package, according to congressional forecasters, but those at the bottom of the income ladder would be worse off.
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Inflation is holding steady as Trump's tariffs have yet to fully hit
Inflation is holding steady as
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Immigration crackdowns pose problems to businesses reliant on those in U.S. illegally
Trump's immigration crackdown is driving some people out of the country and others underground. That poses a challenge for businesses that have relied on workers who are in the U.S. illegally.
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Trump's trade war is raising money for the government, but at whose expense?
Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.
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Hiring slowed in May, as employers added 139,000 jobs
U.S. employers added 139,000 jobs in May — a modest slowdown from the previous month. The unemployment rate held steady at 4.2%, as the workforce shrank.
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CBO says Trump's tariffs could cut U.S. deficit by $2.8 trillion over 10 years
A forecast from the nonpartisan Congressional Budget Office this week says Trump's tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place.
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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.
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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.
