Here's when the 8.7% Social Security hike will arrive in 2023
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
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Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Rising inflation could cause tighter budgets for some families as others may wonder how generous they can be.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released Wednesday by the American Farm Bureau Federation.
You might have found the perfect house, but between the price and the interest rate, you're not sure if you should buy.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
Stocks rose in afternoon trading on Wall Street Tuesday as Americans head to the polls to vote in midterm elections that are being heavily influenced by inflation and the threat of a recession.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
With cost of groceries not slowing down, businesses like Detroit Cookie Co. continue fighting off food inflation.
Every time Amy Johnson turns on the water, she is thinking about her water bill. It's $13,000. How is that even possible?
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Former U.S. Ambassadors John Rakolta Jr. and David Fischer appear on CBS 62's "Michigan Matters" this Sunday to talk about their time in those diplomatic jobs and how they ended up helping the Abraham Accords get signed.
The Southeast Michigan Purchasing Managers Index for September is at 50.6, up nearly five points from the August PMI of 45.7 and indicating a resumption of growth in the Southeast Michigan economy after three declining months.
The Southeast Michigan Purchasing Managers Index came in at 60.3 in June, a marked drop from 66.3 in May.
More money in your gas tank means less money in your wallet, and that's changed how consumers are spending their money elsewhere.
The Federal Reserve sizes up the economy in a two-day policy meeting which concludes Wednesday.
A trip to the grocery store might start to cost you more.
The Southeast Michigan Purchasing Managers Index declined to 67.7 in May from 67.9 in April, according to economists at Wayne State University's business school. Meanwhile, commodity prices are surging.
All eyes were on Michigan's primary on Tuesday, particularly the race to win the Democratic ticket for November's U.S. Senate seat.
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.
All eyes were on Michigan's primary on Tuesday, particularly the race to win the Democratic ticket for November's U.S. Senate seat.
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.
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.
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.
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.