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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Consumer spending rose only slightly in April, as shoppers pushed back against rising prices. -
Cost-conscious shoppers are getting more choosy about what they buy. That led to somewhat slower economic growth in the first three months of the year.
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There aren't a lot of homes on the market. But those that are for sale are selling fast. And competition among would-be buyers is keeping prices high.
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Sales of existing homes dipped in April. But prices are still sky high. A shortage of homes for sale means stiff competition and more than a quarter of homes sold for more than the asking price.
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Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
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Inflation eased last month, according to a report Wednesday from the Labor Department, which means people feeling stretched by high prices and high borrowing costs could feel a little relief soon. -
The latest report, will not only give an update on inflation, it could also indicate if the Federal Reserve will resume lowering interest rates.
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The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.
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Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates. -
The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.
