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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Stocks continued their downward slide on Thursday, with major indexes falling 10% below their recent peaks. Investors worry about the economic toll of a widening coronavirus epidemic.
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The Dow Jones Industrial Average fell 879 points. That's on top of Monday's drop, when the Dow tumbled more than 1,000 points.
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U.S. stocks fell sharply Monday as investors worried about a growing number of coronavirus infections outside China, and possible fallout for the global economy.
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The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request.
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U.S. employers added more jobs than expected last month, while the unemployment rate inched up to 3.6%. Unusually warm weather contributed to job gains for construction workers.
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The Commerce Department says the U.S. economy grew 2.3% last year. That's slower than the previous year and well below the Trump administration's forecast.
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While the new deal with China lowers some trade barriers, it leaves many tariffs in place. And it dictates that China buy more from the U.S., but that has other trading partners worried.
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President Trump signed a trade deal with China on Wednesday. The agreement relaxes some U.S. tariffs on Chinese imports. In exchange, China is expected to buy more from the U.S.
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Chinese and U.S. negotiators have agreed to prevent new tariffs from going into effect this weekend. President Trump calls it Phase 1 of a trade deal.
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As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.