Scott Horsley appears in the following:
The Payroll Tax Delay Is Here, But So Is Confusion About It
Tuesday, September 01, 2020
Some employees will soon see a boost in take-home pay. The Trump administration has given employers the option to stop collecting payroll taxes. But workers may have to repay the money next year.
Many Employers Say Temporary Tax Break Is Not Worth The Trouble
Monday, August 31, 2020
The Trump administration is planning to suspend the collection of payroll taxes starting Tuesday. But unless Congress forgives the taxes, workers will end up with smaller paychecks early next year.
Rebound In Consumer Spending Fades In July
Friday, August 28, 2020
Consumer spending rose 1.9% last month — but the rebound slowed from May and June. Unemployment benefits continued to prop up spending in July, but that may change in August.
Fed Prepared To Let Economy Run Hotter
Thursday, August 27, 2020
The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation.
Despite Widespread Pain, Economy Remains Strong Selling Point For Trump
Tuesday, August 25, 2020
President Trump gets higher marks for handling the economy than just about anything else, despite presiding over the worst recession since the Great Depression.
U.S. Lobster Dealers Hope To Claw Back Market Share In Europe
Friday, August 21, 2020
A new trade deal with Europe lifts tariffs that had put American lobster producers at a competitive disadvantage.
Expired Jobless Benefits Cost Economy Billions, But Some States Reject Trump's Aid
Wednesday, August 19, 2020
The expiration of emergency jobless benefits is draining $15 billion a week from the U.S. economy. President Trump has offered to replace half that money, but states have been slow to accept.
South Dakota Governor Rejects Trump's Plan For Expanded Unemployment Benefits
Tuesday, August 18, 2020
South Dakota's governor has rejected President Trump's executive action to boost unemployment benefits. Critics say that move is shortsighted in a state where tens of thousands of remain out of work.
Judy Shelton: President Trump's Controversial Nominee To The Federal Reserve Board
Monday, August 17, 2020
President Trump's nominee to the Federal Reserve board, Judy Shelton, has been a lightning rod. Critics question her unconventional economic views as well as her political allegiance to the president.
Pandemic Electric Bills Are Searing Hot, As Families Stay Home
Monday, August 17, 2020
With lights out in many offices and millions of people plugging in at home, residential power bills are soaring, even as overall electricity consumption slumps during the recession.
New Jobless Claims Dip Below 1 Million For 1st Time Since March
Thursday, August 13, 2020
Initial unemployment claims had been above 1 million for 20 straight weeks. The total receiving unemployment also dipped, to 28.3 million, as of July 25.
Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet
Wednesday, August 12, 2020
President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.
White House Economic Adviser On Relief During The Pandemic
Tuesday, August 11, 2020
NPR's Ari Shapiro talks with Joseph Lavorgna, chief economist of the White House's National Economic Council, about economic relief during the coronavirus pandemic and the priorities going forward.
Tell Your Story: How Are You Coping In The Coronavirus Economy?
Tuesday, August 11, 2020
It's been about five months since our economy ground to a halt. How has the pandemic affected your job, your finances and your family?
U.S. Employers Add 1.8 million Jobs In July
Friday, August 07, 2020
While U.S. employers added 1.8 million jobs in July, the pace of hiring was slower than a month earlier. And with tens of millions still out of work, it could be a long road back to full employment.
Long Road To Recovery: Hiring Slows In July, As U.S. Employers Add 1.8 Million Jobs
Friday, August 07, 2020
U.S. employers added 1.8 million jobs in July, down from 4.8 million the month before. The unemployment rate inched down to 10.2%.
Congress Fails To Reach Agreement On New COVID-19 Relief Bill
Friday, August 07, 2020
Congress is stalled in the latest round of stimulus talks, as they try to negotiate another round of pandemic relief payments. What are the economic consequences for Americans?
U.S. Economy On High Alert Over Shaky Future Of Extra Jobless Benefits
Thursday, August 06, 2020
As Congress debates whether to renew supplemental unemployment benefits for people thrown out of work by the pandemic, new research shows those benefits offer a critical boost for the U.S. economy.
Pandemic-Weakened U.S. Economy Threatens Trump's Hopes For Reelection
Friday, July 31, 2020
The coronavirus continues to take a toll on the U.S. economy, endangering President Trump's chances for reelection. But the White House has done little to advance economic recovery efforts.
The Pandemic Has Hit Some Businesses Hard, Others Are Benefiting
Friday, July 31, 2020
In a week of bleak economic news, some companies are finding ways to prosper. Amazon notched record profits during its most recent quarter, but Google's parent company saw its first drop in sales.