Scott Horsley

Red ink: Federal deficit hits nearly $2 trillion The federal deficit for the fiscal year that just ended was nearly $2 trillion. That's the biggest budget gap since 2021, when the country was still recovering from the pandemic. Transcript AILSA CHANG, HOS... See more

Nights are getting colder, but inflation is heating up. A report from the Labor Department on Wednesday showed consumer prices in September were up 3.7% from a year ago. That's a larger annual increase than the previous month. A spike in energy prices tie... See more

Nights are getting colder, but inflation is heating up. A report from the Labor Department Wednesday showed consumer prices in September were up 3.7% from a year ago. That's a larger annual increase than the previous month. A spike in energy prices tied t... See more

Transcript AILSA CHANG, HOST: Inflation is moving in the wrong direction. Gasoline, smartphones and rent all got more expensive last month. The cost of living rose more quickly in September than it did the month before, and people who rely on Social Secur... See more

Inflation sizzled in September — and Social Security benefits will get a boost toggle caption i Isabelle Souriment/Hans Lucas/AFP via Getty Images Nights are getting colder, but inflation is heating up. A report from the Labor Department on Wednesday show... See more