Coronavirus

The Treasury says the historic 43-day shutdown left an $11 billion dent, but in a $30 trillion economy, that’s a rounding error with political consequences. We break down the tiny economic hit, the big partisan fight, and why the yield curve may be the real story in the interview. Dr. Michael Greiner from Oakland University gives his take.

Hilary Golston spoke with Oakland University economics expert Dr. Michael Greiner, who says the Federal Reserve is likely to proceed carefully amid the government shutdown. Greiner explained that while the Fed remains operational, missing data from key agencies like the Bureau of Economic Analysis and Bureau of Labor Statistics could cloud the economic picture. He says policymakers are watching inflation and growth closely but are unlikely to make bold moves until the numbers are clear.

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Hilary Golston spoke with Dr. Michael Greiner, an economy expert and attorney from Oakland University, about the mounting pressures on the U.S. economy. With August jobs data showing just 22,000 new positions and unemployment climbing to 4.3 percent, Golston pressed Greiner on what the slowdown means for workers and markets. The two also examined the high-stakes tariff fight now heading to the Supreme Court, where billions in potential refunds hang in the balance. Finally, they explored the Federal Reserve?s role in shaping America?s fiscal landscape and whether alternatives to the Fed could ever truly emerge.

A group of small business owners are speaking out over growing concerns about what is being called a crisis that is hurting the bottom line of many. Business owners gathered on Wednesday to express concerns over tariffs put on by the Trump Administration.

Two Detroit Fire Department EMTs, Bacarri Stanley and Michael Bache, are returning to the home where they responded to a 911 call about a woman in labor. At first, the two EMTs believed Jessica Johnson?s delivery was over, so they rushed to assist the baby. But then, out of nowhere, the mom yelled again.

Dozens of people gathered Friday to witness something, they say, that hasn?t happened in Inkster since the 2008 housing crash.

It's their first-ever Summer Olympics, says Tenetia Pulliam, designed to use physical activity and healthy eating as a means to heal from trauma. They even had a beverage-making contest.

In an interview with FOX 2, Oakland University economist Dr. Michael Greiner warns the U.S. may be on the brink of a debt crisis, fueled by persistent deficits, economic drag from tariffs, and the seductive illusion that the federal government can borrow without limits. ?We?re essentially constantly borrowing,? Greiner says, noting that while investors still trust U.S. credit, inflation is the inevitable cost.

Emily Morgan was in a fitness class when suddenly Emily collapsed. Luckily, Dr. Dema Fawaz, an emergency room physician at Corewell Health, was in the right place at the right time.

Thousands of people moving to the beat of the movement. You get it? It's the music festival at Hart Plaza in downtown Detroit that draws thousands. Now it's the world's longest-running music festival.