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News
U.S. debt crosses $40 trillion threshold after doubling under Trump and Biden
53+ min ago (658+ words) WASHINGTON — Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held…...
Trump says he would really like to see interest rates come down
1+ hour, 56+ min ago (20+ words) detroitnews.com Trump wants interest rates to come down...
See photos as LG Energy Solution battery plant opens in Delta Township
23+ hour, 40+ min ago (15+ words) The Detroit News...
Auto loans hit record high, New York Fed says
1+ week, 1+ day ago (603+ words) Washington — U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit report on…...
Economy shed jobs in July, and June report is revised downward
1+ week, 5+ day ago (167+ words) Washington — The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month. Payrolls, however, have a tendency to…...
'We're always there for Japan', Trump says after US support of yen
2+ week, 2+ day ago (27+ words) The Detroit News 'We're always there for Japan', Trump says after US support of yen...
Fed Chair Kevin Warsh explains why interest rates are left unchanged
2+ week, 6+ day ago (14+ words) The Detroit News...
Bond rout warns Warsh that tough talk is not enough
2+ week, 6+ day ago (797+ words) The message from the bond market was clear: For all of Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s in no rush to use the power of the central bank to do it. After the Fed kept…...
Consumer confidence falls on worse business, labor views
3+ week, 7+ hour ago (434+ words) U.S. consumer confidence fell in July as Americans’ views about current business conditions and the labor market deteriorated. The Conference Board’s gauge of confidence decreased 1.4 points to 90.8 after an upward revision to the prior month, data released this week showed. The…...
Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress
3+ week, 2+ day ago (1058+ words) Washington - The first 18 months of President Donald Trump's second term in the White House have seen a series of policy-driven economic shocks, highlighted by the immigration crackdown and higher tariffs that he promised during his 2024 campaign, and an unanticipated war…...