Alan Greenspan, Fed chair under 4 U.S. presidents, dies at age 100
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
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Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Also on Thursday, The second-highest-ranking official at the Justice Department met with the imprisoned Ghislaine Maxwell, the close confidant of convicted sex offender Jeffrey Epstein.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
University of Michigan men's basketball coach Dusty May is leaving for the Dallas Mavericks head coaching job.
Faster income growth for top U.S. earners has eroded Social Security's tax base, fueling calls to raise or eliminate the payroll tax cap.
When record snowfall and rain swamped northern Michigan this spring, thousands of residents had no flood insurance — and no idea they were at risk, in part because FEMA has never mapped large portions of the state.
Michigan drivers are seeing the lowest gas prices in several weeks, AAA says, with the average cost of a regular unleaded gallon of gas hovering around $4.01.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
University of Michigan men's basketball coach Dusty May is leaving for the Dallas Mavericks head coaching job.
Here's what to know ahead of the 2026 fireworks show in downtown Detroit.
Michigan drivers are seeing the lowest gas prices in several weeks, AAA says, with the average cost of a regular unleaded gallon of gas hovering around $4.01.
A Metro Detroit resident has claimed the title of Miss Michigan, being crowned on Saturday night.
Faster income growth for top U.S. earners has eroded Social Security's tax base, fueling calls to raise or eliminate the payroll tax cap.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
A well-known jazz club in Detroit is hitting a new high note. After going dark in May for renovations, Baker's Keyboard Lounge is reopening to the public.
Faster income growth for top U.S. earners has eroded Social Security's tax base, fueling calls to raise or eliminate the payroll tax cap.
When record snowfall and rain swamped northern Michigan this spring, thousands of residents had no flood insurance — and no idea they were at risk, in part because FEMA has never mapped large portions of the state.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
Serena Williams recently returned to competition in doubles after nearly four years away from professional tennis.
An American Airlines passenger allegedly bit a fellow flyer and was "trying to fight everybody" on a Sunday flight, a pilot said.
Blood drives are happening all across Michigan, including one at the Sickle Cell Disease Association of America Michigan Chapter in Detroit.
An experimental fentanyl vaccine that has spent years in development is now entering a new phase, offering new hope in the fight against the nation's ongoing overdose epidemic.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
A second mosquito-borne virus has been detected in West Michigan's Kent County, local health officials said.
The Michigan Department of Agriculture and Rural Development says it will be implementing new animal import requirements after the flesh-eating New World screwworm was detected in the U.S.
University of Michigan men's basketball coach Dusty May is leaving for the Dallas Mavericks head coaching job.
Miyu Yamashita got into a playoff Sunday in the Meijer LPGA Classic in West Michigan when Lottie Woad's 3-foot par try lipped out to close regulation, then won with a 3-footer of her own on the first extra hole.
Dillon Dingler homered and drove in the tying run in the ninth, Matt Vierling's bloop single finished off Detroit's comeback as the Tigers beat the Chicago White Sox 5-4 in 10 innings on Sunday.
Mellissa Channell-Watkins, a Plymouth, Michigan, native, and two other defenders have signed with PWHL Detroit, the team said on Sunday.
Serena Williams recently returned to competition in doubles after nearly four years away from professional tennis.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
A Metro Detroit resident has claimed the title of Miss Michigan, being crowned on Saturday night. University of Detroit Mercy student Grace Hanke, who competed as Miss Oakland County, won the crown at Frauenthal Theater in Muskegon. Hanke said winning the title was a dream, though it was not her main goal.
Prices at the pump in Michigan are at their lowest since April, with AAA saying the state average for a gallon of regular unleaded gas is just about $4.
Vice President JD Vance on Monday touted "good progress" in the first direct talks between the U.S. and Iran. CBS News has this report.
Oil prices rose on Sunday, but showed signs of easing on Monday, amid the U.S.-Iran talks.
The Detroit Federation of Teachers is voting on a proposed contract. Detroit police relate their security plans for the fireworks show. Those headlines and other top stories are in the CBS Detroit news brief.