Scott Horsley

The quarter-percentage-point cut will lower borrowing costs for households and businesses. The move is an effort to prolong the decade-old economic expansion in the face of rising headwinds.

Oil prices jumped on Monday in response to a weekend strikes in Saudi Arabia that crippled more than half the country's oil production. It was the single-largest daily surge in crude prices in years.

President Trump announced Wednesday that he would postpone the increase of certain tariffs on Chinese goods from Oct. 1 to Oct. 15. This follows a trade concession by China earlier in the day.

China has granted tariff waivers to a small number of U.S. exports, as the two countries prepare for another round of trade talks. Most analysts are not predicting a quick end to the trade war, even though it's taking a toll on both sides of the Pacific.

Ross is under the microscope again — this time for reportedly pressuring government scientists to back President Trump over a misleading tweet about Hurricane Dorian.

Employers added just 130,000 jobs in August, another sign that the economy is slowing. Job gains for June and July were revised downward. Factories, in particular, have seen a slowdown.

The Labor Department says U.S. employers added 130,000 jobs in August, fewer than private analysts had expected. The unemployment rate was unchanged at 3.7%.

Manufacturing activity in the U.S. shrank last month for the first time in three years. Factories are especially sensitive to international forces, including the ongoing trade wars.

The Trump administration leveled new tariffs this weekend on more than $100 billion worth of imports from China, including chocolate, sweet biscuits and chewing gum.

The Trump administration is imposing new tariffs on more than $100 billion worth of Chinese imports. It's the latest escalation in the ongoing trade war.

As the trade war drags on, more manufacturers are looking to relocate from China to avoid Trump's tariffs. A firm that sells Isaac Mizrahi's clothing line has already shifted much of its production.

President Trump lashed out at China and the Federal Reserve and said he's ordering U.S. companies to find suppliers outside of China. There was a sharp sell-off on Wall Street.

President Trump has ordered higher tariffs on Chinese imports, in another escalation of the trade war between the world's two biggest economies.

The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.

The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.

The Trump administration is boasting that the economy is strong. But the administration is also calling for the kind of dramatic economic stimulus one would usually only consider during a recession.

The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.

Mixed economic signals have economists concerned about a recession, something President Trump is trying to factor into his reelection bid.

As the trade war drags on, companies are beginning to make long-term adjustments. For some, that means hiring workers to redesign or reclassify products or seek new suppliers to sidestep import taxes.

The stock market paused to catch its breath on Thursday after a steep drop the day before. There are some warning signs of a recession ahead, but others suggest the economy is still resilient.