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 ...

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 Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just ...

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 ...

The Federal Trade Commission is investigating whether Amazon and Google misled advertisers about pricing and terms for online ...

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.

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

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

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 ...

The appeals court ruling does not settle the key issue of whether President Trump can remove Lisa Cook for what he considers just cause.

The Federal Reserve’s policy committee began a two-day meeting Tuesday, with a rate cut likely as inflation stays above target and U.S. job growth slows.