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.

Sunday’s filing is the latest step in an unprecedented effort by the White House to shape the historically independent Fed.

U.S. District Judge Jia Cobb late Tuesday granted Cook’s request for a preliminary injunction blocking her firing and ruled ...

Mike Stone and Will Burchfield join the roundtable to discuss Sunday victories for the Lions and Tigers. Plus college football talk as well as some Red Wings as they are set to start camp this week.

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

A Michigan credit union is offering a mortgage rate sale for a limited time. But what's next for interest rates and the ...