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

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.

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 ...

Typically, the Fed would cut its key interest rate when unemployment rises, but it would raise rates — or at least keep them ...

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 ...

The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets. And Cook’s lawsuit seeking to permanently block her firing must still ...

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

Fed governor Lisa D. Cook is being accused of mortgage fraud by Bill Pulte, who serves as Trump’s director of the Federal ...