Many Americans say they're spending more than they earn: poll
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
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About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000.
On the legislation's "birthday" lawmakers gathered in Lansing to celebrate the accomplishments they feel are due to this new law.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month's data.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Cookout costs will vary, but Americans hitting the road are about to save $2.6 billion on gas this holiday weekend over last year.
A growing number of brides across the country are finding bliss in pre-loved wedding dresses.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Skyrocketing inflation is driving up the price of venues, catering and flowers — but there are ways to trim costs.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
The popular Dearborn Homecoming Festival is returning to Ford Field Park this weekend, with tens of thousands of people expected to visit. But a new rule set in place by police this year has become the talk of the town.
Officials say 1-year-old Nguvu was euthanized after his injuries became too severe and his condition deteriorated "despite every effort."
Officials say Haddad will oversee all football and business operations and work with principal owner Sheila Hamp and the board of directors.
Thomas Smith won Michigan's 8th District GOP primary on Tuesday — even though he had suspended his campaign in mid-July. Even more surprisingly: He defeated a Trump-endorsed candidate.
At least 345 people — the majority in Colorado and Minnesota — have been sickened by a salmonella outbreak, according to the U.S. Centers for Disease Control and Prevention.
Dr. Abdul El-Sayed won a Democratic primary for Michigan's Senate seat in a race that attracted national attention.
Click here to see the results from the August 2026 primary election in Michigan.
Donavan McKinney has defeated incumbent U.S. Rep. Shri Thanedar in Michigan's 13th Congressional District, CBS News projects.
The popular Dearborn Homecoming Festival is returning to Ford Field Park this weekend, with tens of thousands of people expected to visit. But a new rule set in place by police this year has become the talk of the town.
Officials say 1-year-old Nguvu was euthanized after his injuries became too severe and his condition deteriorated "despite every effort."
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
At least 345 people — the majority in Colorado and Minnesota — have been sickened by a salmonella outbreak, according to the U.S. Centers for Disease Control and Prevention.
Cyberattacks on U.S. water systems that officials suspect may be linked to Iran-backed hackers have been reported in at least a dozen states, sources familiar with the matter told CBS News.
"It really opens up your mind," said one 23-year-old who ditched smartphones to wean herself off social media.
Abdul El-Sayed is now projected to win Michigan's Democratic Senate primary against Rep. Haley Stevens.
President Trump told reporters that an announcement on the Strait of Hormuz could happen soon, following talks between Iran and Oman.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
The Michigan Department of Health and Human Services reports there have been 10,773 cyclosporiasis cases in the state during the past five weeks.
The organization is closing its Lansing, Livonia and Warren locations.
Officials say Haddad will oversee all football and business operations and work with principal owner Sheila Hamp and the board of directors.
Troy Melton threw seven sharp innings and Colt Keith hit a two-run single as the Detroit Tigers beat the Seattle Mariners 8-0 to open their post-Tarik Skubal era.
Devin White finished last season as the NFL's third-leading tackler.
The San Diego Padres have acquired left-hander Robbie Ray from the San Francisco Giants and right-hander Casey Mize from the Detroit Tigers.
Keider Montero pitched six scoreless innings, Eduardo Valencia drove in four runs and the Detroit Tigers completed their first season-series sweep ever against an American League opponent with an 11-0 victory over the Athletics.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
The Detroit Lions named its new team president with training camp underway, and the Michigan Wolverines prepare for its 2026 football season opener next month.
With Abdul El-Sayed winning the Democratic primary in the Michigan U.S. Senate, many are already focused on the general election between El-Sayed and Republican Mike Rogers.
Showers are hit-or-miss through the next several days.
Wyandotte police are preparing for the worst-case scenario, holding an active shooter training on Wednesday, Aug. 5.
The 2026 Dearborn Homecoming event is returning to Ford Field Park this weekend, but it will come with safety rules that have split some neighbors.