THE INTERVIEW| Eleven Billion and Barely a Bruise after shutdown?
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.
THE INTERVIEW| Fed to Take Cautious Approach as Gov. Shutdown Threatens Economic Clarity
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.
How small businesses can build resilience during economic uncertainty
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THE INTERVIEW| Alternative to the Fed? Tariffs, Jobs, and a Supreme Court Showdown
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.
Detroit small businesses being impacted by tariffs
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.
Inkster celebrates new affordable housing development
Dozens of people gathered Friday to witness something, they say, that hasn?t happened in Inkster since the 2008 housing crash.
Commerce Township man illegally obtained $500k in PPP loans, feds say
Firas Hajjar failed to disclose he had pleaded guilty to tax evasion when he applied for the small business loan program.
THE INTERVIEW | Borrow Inflate Repeat: Big Beautiful Bill, Modern Monetary Theory and not Paying Back Debt?
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.
Trump tariffs: US market uncertainty brings anxiety to automakers
The head of the federal reserves says President Donald Trump's tariffs could push economic growth lower and inflation higher. The talk of increase tariffs is also worrying the Metro Detroit auto industry.
President Trump announces 90-day pause on tariffs
A number of taxes on goods from other countries were already in place, and more took effect at midnight. For its part, China announced countermeasures, saying it will raise its retaliatory tariff on the U.S. to 84%, up from 34%.
Michigan man says he was tricked into paying hundreds for Detroit Tigers opening day parking
Steven Livings had a great time at the Tigers' game on opening day with sunny skies and a win over the Chicago White Sox, until it was time to head home.
Trump tariff turmoil leads to Ford offering customers employee discount
In a high-stakes move, Stellantis and Ford are slashing prices. This comes amid tariffs on imported inventory, which won't be able to keep up.
Trump tariffs: Stock market tumbles as trade war fears grow
Fear and uncertainty are being felt from Wall Street to Main Street. The financial market is spiraling after President Donald Trump imposed tariffs Thursday. The stock market is plunging.
Federal cuts to Covid-era funding causes concern for state health agencies
Thursday a federal judge temporarily blocked health funding cuts worth billions to the states. But the uncertainty of the Covid funding that critics argue was never meant to be permanent, continues.
Motor City Match awards $450K to new Detroit businesses
Earlier Wednesday, Motor City Match?s Round 28 cash grant recipients were celebrated at an awards ceremony. Thousands of dollars in grant money were awarded, helping these entrepreneurs keep their dreams alive.
Detroit Regional Chamber discusses tariffs with business leaders
On Wednesday, President Trump is planning to implement new tariffs on several countries, including Canada, which could strongly impact Michigan?s economy. The Detroit regional chamber presented its 11th state of the region, where many leaders expressed concern over the president's choices.
Approval of $55M Michigan class-action lawsuit involving unemployment payments delayed a month
Michigan's unemployment agency wrongly clawed back funds from more than 23,000 residents. The average settlement for each person is about $1,400.
2021 Recovery Rebate Credit: What it is and who qualifies
Approximately 1 million taxpayers will receive unclaimed rebate payments from the IRS in the coming weeks.
NYC COVID czar caught on cam bragging about attending drug-fueled sex parties during pandemic
Varma — who served as senior health advisor to then-Mayor Bill de Blasio during the height of the pandemic, talked about hosting orgies with his wife and attending underground dance parties with more than 200 people.
Government offering more free COVID-19 tests for home delivery through the mail
The new release of free COVID-19 nasal swab tests comes ahead of the first winter since the pandemic started that insurers are no longer required to cover the cost of them.