Judge rules Lisa Cook can remain Fed governor for now as Trump tries to fire her
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
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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.
Headlines from the White House include the latest discussions on a new crime bill; President Trump's dispute with a Federal Reserve governor; and a letter submitted by some FEMA staff. CBS News has this report.
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.
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.
President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Wednesday before the Senate Banking Committee, Federal Reserve Chair Jerome Powell emphasized the country's national debt is on an unsustainable path. Also on Wednesday, President Trump said he had people in mind for Powell's replacement, although the chair's term is not yet expired.
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Michigan drivers are paying an average of $4.91 per gallon of regular unleaded gas, AAA says. Drivers were paying an average of $4.31 a week ago.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
Regular runs $4.47, $4.69 and $4.99 at the Harper Avenue corner. Statewide, AAA has Michigan at $4.92 a gallon — 30 cents under the June 2022 record of $5.22.
The woman, who police said was in her 30s, was stabbed multiple times, then ran to a nearby business and collapsed outside. She was taken to a hospital, where she died.
The woman, who police said was in her 30s, was stabbed multiple times, then ran to a nearby business and collapsed outside. She was taken to a hospital, where she died.
Michigan drivers are paying an average of $4.91 per gallon of regular unleaded gas, AAA says. Drivers were paying an average of $4.31 a week ago.
A failure at the T.B. Simon Power Plant cut power to the East Lansing campus. Most buildings have power back, but steam and hot water service is still affected.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
If you're looking for sunshine in Metro Detroit, Friday is the day to seek it out.
Stevie Wonder's shows at the Fox Theatre sold out, with some tickets listed for thousands of dollars. That's raising questions about what Michigan's "Taylor Swift" ticket law actually protects fans from.
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
Regular runs $4.47, $4.69 and $4.99 at the Harper Avenue corner. Statewide, AAA has Michigan at $4.92 a gallon — 30 cents under the June 2022 record of $5.22.
U.S. Customs and Border Protection agriculture specialists intercepted a first-in-nation batch of potentially destructive giant scale insects at Detroit Metro Airport.
Republicans are trying to win an open Senate seat race in Michigan, and nominee Mike Rogers is stepping up his appeals to some Democrats.
In 2019, Bunch became both the first historian and the first African American to serve as Secretary of the Smithsonian Institution. As he prepares to retire, he talks about the museums' mission to protect history, and give America a full picture of itself.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Thursday marks one year since Michigan Medicine ended gender-affirming care for young patients
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
CJ Carr threw for 234 yards and ran for a touchdown, Nolan James Jr. rushed for 121 yards and a score, and No. 3 Notre Dame took control in the second half to beat Michigan State 27-10.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Bryce Underwood threw two touchdown passes and Savion Hiter had two rushing scores to help No. 19 Michigan pull away and beat UTEP 52-17.
Chicago dropped into second in the AL Central after it blew a six-run lead in an 11-8 loss to Detroit on Friday night.
The Detroit Pistons and Ausar Thompson have reached an agreement on a five-year contract extension worth $155 million, according to a person familiar with the situation.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
Protests and a vigil took place after a federal immigration agent shot and wounded a man on Sunday in Austin, Texas. CBS News has this report.
A woman was fatally stabbed on Sunday in downtown Detroit. The city council is holding budget meetings. Those headlines and other top stories are in the CBS Detroit news brief.
Good Monday morning Family! Looking at mostly cloudy skies this morning into the afternoon with seasonally cooler temps, high 63. Staying below normal this week with highs in the 60's but looking dry all week.
Metro Detroiters are watching the price of gas at the pump spike - and they are frustrated at the impact. CBS Detroit has this report.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.