Federal shutdown starting to hit economy, treasury official says
Treasury Secretary Scott Bessent says that the federal government shutdown is slowing the U.S. economy.
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Treasury Secretary Scott Bessent says that the federal government shutdown is slowing the U.S. economy.
A bike shop in Woodhaven, Michigan, says it will be closing after nearly 80 years of serving the Downriver community.
The number of unemployed people looking for work more than six months has surged to its highest level since 2021.
Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.
Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Monthly report shows private employers shed 32,000 jobs last month, another sign the labor market is facing new challenges.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
The latest employment data could inform the Federal Reserve's next rate decision meeting, set for Sept. 17.
Most Americans say prices are going up and expect them to keep going up.
The number of immigrant workers has declined from January through the end of July, preliminary Census data shows.
A 2025 analysis from Edmunds reveals that nearly 20% of new car buyers are committing to monthly payments of $1,000 or more.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Canadian regulators once again ordered union leaders to end Air Canada's work stoppage on Monday, while employees remain defiant.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
Michigan's governor met privately with President Trump to urge him to change course on tariffs that are having a big impact on automakers in her state.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
The father of 22-year-old Haja Cedano, from Kentucky, is speaking out after his daughter was killed in a shooting at a funeral repast in Detroit last week.
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
At least four people have died, and several others were injured after multiple tornadoes ripped through Southwest Michigan on Friday, authorities say.
If passed by the voters, the proposal would create a new voter ID requirement and voter roll verification.
In a show of solidarity, organizers of the Save Our Children March in Detroit are gearing up for a protest to help victims of human trafficking this weekend.
At least two tornadoes were reported in Southwest Michigan on Friday amid severe weather, according to CBS Detroit's Chief Meteorologist Ahmad Bajjey.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
The National Weather Service has issued a marginal risk (Level 1 of 5) for severe weather across southeast Michigan for Friday night.
Windsor Mayor Drew Dilkens announced on Thursday that he's seeking approval from the provincial government to place a temporary toll using Huron Church Road, which connects the bridge on the Canadian side.
The father of 22-year-old Haja Cedano, from Kentucky, is speaking out after his daughter was killed in a shooting at a funeral repast in Detroit last week.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
The time change known as daylight savings is set to start for 2026, meaning most Americans will lose an hour of sleep when they "spring forward" on Sunday, March 8.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
Detroit Lions offensive tackle Taylor Decker says he has requested a release from the team.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
The Detroit Red Wings were relatively active ahead of the trade deadline on Friday. The Wings made three trades this week, including bringing in a top veteran name to help support the defense.
Three former presidents were among the dignitaries in Chicago on Friday, celebrating the life of the late Rev. Jesse Jackson.
Catholics and other Christian denominations around the world are observing Lent. With that comes the Friday Fish Fry until Easter weekend. This week, we checked in with St. Isaac Jogues in St. Clair Shores, Michigan. CBS News Detroit gives you a behind-the-scenes look at how the Men's Club prepares.
The father of one of the victims who was killed at a Detroit funeral repast last week is speaking. The victim, a 22-year-old woman, was originally from Kentucky and was in the Detroit for the funeral.
At least four people have died, and several others were injured after multiple tornadoes ripped through Southwest Michigan on Friday, authorities say.