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.

Consumers put their pocketbooks on ice last month after a spending spree in January.

Retail sales fell 3% in February, according to the Commerce Department. That's the sharpest decline since the early months of the pandemic, and a much steeper drop than economists had expected.

For Nancy Cordeiro, a plan by the Biden administration to provide her family with a monthly allowance is more than just about money that she sorely needs. It's also about restoring something she has lost at times during the pandemic: her pride.

"When you have to go to the food bank, there's a lot of pride at stake and people are suffering from that," Cordeiro said. "They're getting depressed over that, because all that weight is on them, just like it is on me."

The U.S. economy is about to get a shot of its own.

The $1.9 trillion relief package passed by Congress on Wednesday is expected to give a substantial boost to the world's largest economy once it's signed by President Biden, putting more money in people's pockets just as an improving pandemic outlook opens new avenues for them to spend it.

Hiring picked up steam in February as a winter wave of coronavirus infections eased and consumers spent more freely.

U.S. employers added 379,000 jobs in February, while the unemployment rate dipped to 6.2%.

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For Americans factories, business is good these days. Almost too good.

Unexpectedly strong demand for furniture, appliances and other manufactured goods is providing a windfall to many of the country's industries.

But as factory gears spin faster to meet the surging demand, a big headache is emerging: Supply chains are getting stretched more than ever, and critical components are proving a lot harder to procure.

Take the word of Drew Greenblatt, the president of Marlin Steel in Baltimore.

"The economy is snapping back in a big way," Greenblatt said.

For President Biden, it's a $1.9 trillion gamble.

If successful, his "American Rescue Plan" will help struggling families and businesses weather an unprecedented pandemic and provide a boost to a badly dented economy. It's also broadly popular with voters.

Critics, however, worry it will be end up being a poorly targeted plan that squanders trillions in borrowed money in ways that will do little to improve the nation's long-term economic outlook.

When the school district in Pima, Ariz., got its first round of federal pandemic relief last summer, Superintendent Sean Rickert put it toward the expenses incurred while suddenly shifting classes online at the start of the pandemic.

Now, as some Republicans in Congress question why COVID-19 aid for schools has not yet been spent, Rickert is just learning how much his district will get from a second relief bill approved in December.

Federal Reserve Chairman Jerome Powell warned on Tuesday the United States has a "long way" to go to return to full employment, even as he expressed cautious optimism that the economy will recover from the pandemic this year.

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