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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Members of the Senate Banking Committee squabbled Tuesday over how quickly the U.S. economy can rebound from the coronavirus shutdown and whether the federal government is doing enough to support struggling families and businesses in the meantime. -
In a single quarter, the government will borrow more than twice as much as it did all of last year, as the cost of the coronavirus pandemic dwarfs previous deficits.
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Another 3.8 million people filed claims for unemployment last week, as the coronavirus pandemic continues to weigh on the U.S. job market. That brought the total for the past 6 weeks to 30.3 million.
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The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
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While millions of Americans are out of work or working from home, millions more are working at factories nationwide, and they have some lessons for us on what it means to "reopen" the country.
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Ten years of U.S. job growth has been almost wiped out in 4 weeks. Another 5.24 million people filed for unemployment last week. It brings the total from the past four weeks to 22.03 million.
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The Treasury has begun sending $1,200 relief payments to people economically affected by the coronavirus. The IRS set up a website for those who haven't already supplied their bank information.
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The fallout from the coronavirus will be much worse than that of the financial crisis, the IMF says. The global economy is expected to shrink by 3% this year; the U.S. GDP could fall twice as much.
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Millions of jobs have been lost as businesses keep their doors closed to slow the spread of the coronavirus. Working women have been hit hardest, accounting for nearly 60% of the early job cuts.
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In its latest salvo, the Federal Reserve announced $2.3 trillion in new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.
