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.
89%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
97%
Examples:
- Scott Horsley has a reputation for losing his temper.
- The report noted that Gruenberg has spent nearly two decades at the FDIC, including ten years as chairman, and that he has a reputation for losing his temper.
Conflicts of Interest
98%
Examples:
- Scott Horsley's MBA from San Diego State University could be seen as a potential conflict of interest.
Contradictions
88%
Examples:
- About 67 million Americans received Social Security benefits in 2023.
- Benefits would automatically be cut by 21% at that point.
- Medicare covered 66.7 million senior citizens and people with disabilities in 2023.
- Social Security and Medicare are projected to be insolvent by 2035 and 2036 respectively.
Deceptions
70%
Examples:
- It doesn't look like it's going to be as rapid as it looked for the previous six or seven months.
- Some of the recent economic data has the central bank driving in circles.
- What's underpinning the Fed's concern and mystery is economic strength, not economic weakness.
Recent Articles
FDIC Chair Resigns Amid Calls for New Leadership to Address Toxic Workplace Culture
Broke On: Tuesday, 21 May 2024FDIC Chair Martin Gruenberg resigns amid calls for new leadership due to toxic workplace culture revealed in a scathing report. Sen. Sherrod Brown urges President Joe Biden to nominate a new chair to address the issues and make fundamental changes at the agency. 
Record Household Debt Reaches $17.69 Trillion in Q1 2024: Mortgage Balances Surge, Credit Card Delinquencies Rise
Broke On: Tuesday, 14 May 2024Total household debt hit a new record of $17.69 trillion in Q1 2024, with mortgage balances increasing by $190 billion and credit card balances decreasing slightly. Housing debt and auto loans saw growth, while other non-housing debts declined. Delinquencies for all debt outside student loans have risen to their highest level since 2012, with Generation Z borrowers and those in low-income neighborhoods being most affected. 
FDIC Report Reveals Widespread Sexual Harassment and Discrimination, Calls for Cultural Transformation
Broke On: Tuesday, 07 May 2024An independent investigation reveals a toxic and misogynistic 'boys club' culture at the US bank regulator, FDIC, with hundreds of employees complaining about sexual harassment and discrimination. The report highlights a patriarchal, insular culture that allowed misconduct to continue unchecked. FDIC Chairman Martin Gruenberg apologized and promised to implement recommendations including an agency-wide cultural transformation and greater accountability from leadership. 
Social Security and Medicare on the Brink: Projected Exhaustion of Trust Funds in the Next Decade
Broke On: Monday, 06 May 2024Social Security and Medicare, with over 136 million beneficiaries combined, face imminent trust fund exhaustion due to demographic changes and the retirement of baby boomers. If no action is taken by Congress, Social Security may not meet all obligations in 2035, while Medicare hospital bills will go unpaid starting in 2036. The political landscape remains contentious as the November presidential election approaches, with President Biden advocating for higher taxes on the rich and former President Trump expressing openness to scaling back the programs. 
Fed's Rate Hold Amid Inflation Concerns: Labor Market Improves, Consumer Confidence Dips
Broke On: Wednesday, 01 May 2024The Fed's decision to keep interest rates unchanged amid inflation and a strong labor market leaves consumers uncertain about the economy's future. Inflation remains above target at 3.5%, driven by rising housing costs and insurance rates, while employment averaged 276,000 new jobs monthly from January to March. Economists are divided on inflation's trajectory and the impact on interest rates. U.S. Jobs Report for September 2023 Shows Stronger-than-Expected Growth
Broke On: Friday, 06 October 2023The U.S. economy added 194,000 jobs in September 2023, surpassing the forecasted 175,000. The unemployment rate remained unchanged at 3.8%. The sectors with the most job growth were professional and business services, transportation and warehousing, and health care. There are ongoing concerns about inflation and labor shortages.