Mayor Mike Duggan on Monday proposed the city appropriate its surplus to create a new $42-million reserve fund.

An appeals court has ruled that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts ...

The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut ...

U.S. District Judge Jia Cobb on Sept. 9 ruled that Cook could remain on the job as her case proceeded, saying that Trump’s attempt to oust her likely violated the law. The appeals court decision ...

Duggan’s call for a new reserve fund comes as the three-term mayor is in his final four months in office and running for governor, and about six weeks before Detroiters will elect a new mayor: either ...

For the 11th straight year, the city of Detroit is set to see a budget surplus. Mayor Mike Duggan announced Monday a projected $60 million surplus for fiscal year 2024-2025, which wrapped up in June.

Detroit leaders are concerned about potential impacts of Trump's One Big Beautiful Bill Act and a reduction in manufacturing income tax revenue.

The Fed is navigating unprecedented pressure from the White House, Congress and the courts that could shape the future of the central bank.

Looking to buy a home this year without torching your finances? GOBankingRates has uncovered 30 cities across America where ...

Ford Motor Co. is taking a drive down the road in a couple of months. The venerable carmaker is moving its headquarters for the first time in seven decades, relocating to a newly constructed building ...

With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first ...

Stephen Miran and Lisa Cook will both cast votes at the central bank’s meeting on Wednesday, where policymakers are expected ...