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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

IRS knowingly sends stimulus check to dead grandmother, wealthy foreigner as vets, other Americans wait

IRS knowingly sends stimulus check to dead grandmother, wealthy foreigner as vets, other Americans wait

The IRS sees dead people — and apparently pays them too.

May 4, 2020 3:16pm EDT
Front-line work during pandemic falls on women, minorities

Front-line work during pandemic falls on women, minorities

While America contemplates getting back to business, the pandemic has taken its toll on workers who never stayed home.

May 1, 2020 3:40pm EDT
Many laid-off US workers due to coronavirus might make more money with unemployment benefits

Many laid-off US workers due to coronavirus might make more money with unemployment benefits

Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.

April 29, 2020 6:03pm EDT
Life after COVID-19 won't be normal for Michigan workers as manufacturing needs system overhaul

Life after COVID-19 won't be normal for Michigan workers as manufacturing needs system overhaul

As Michigan manufacturers eye reopening, many in the industry are looking for guidance on how to safely return their employees to work amid the COVID-19 pandemic.

April 29, 2020 2:02pm EDT
Mich. Gov. Whitmer announces MI Safe Start, expects restrictions on construction & outdoor enterprises to loosen next

Mich. Gov. Whitmer announces MI Safe Start, expects restrictions on construction & outdoor enterprises to loosen next

Michigan Gov. Whitmer said the next set of restrictions that could be loosened include construction and outdoor jobs, during an interview with Politico.

April 27, 2020 11:17am EDT
State says it's provided benefits to more than a million unemployed Michigan workers

State says it's provided benefits to more than a million unemployed Michigan workers

The state of Michigan says it has provided benefits to more than a million workers who have filed for unemployment benefits due to COVID-19

April 27, 2020 10:12am EDT
Michigan sets up mortgage relief program to give 3-month break from mortgage payments

Michigan sets up mortgage relief program to give 3-month break from mortgage payments

Michigan Gov. Gretchen Whitmer announced the creation of the MiMortgage Relief Partnership to offer a 90-day grace period for all mortgage payments for homeowners in need of assistance.

April 23, 2020 11:47am EDT
Another 4.4 million workers applied for unemployment last week, roughly 26 million out of work

Another 4.4 million workers applied for unemployment last week, roughly 26 million out of work

The nation's unemployment total rose to roughly 26 million as 4.4 million more Americans applied for benefits last week.

April 23, 2020 8:42am EDT
Wayne County projecting at least $152 million deficit due to COVID-19

Wayne County projecting at least $152 million deficit due to COVID-19

Wayne County says it's measuring at least a $152 million deficit for the 2019-2020 fiscal year.

April 22, 2020 10:25am EDT
Trump, Congress near deal on small business, hospital aid

Trump, Congress near deal on small business, hospital aid

The Trump administration and Congress expect an agreement Monday on a coronavirus aid package of up to $450 billion.

April 20, 2020 5:58pm EDT
Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic

Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic

Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.

April 20, 2020 12:53pm EDT
Shake Shack to return $10M small business loan

Shake Shack to return $10M small business loan

The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding.

April 20, 2020 8:50am EDT
Detroit Medical Center furloughs nearly 500 team members amid COVID-19 crisis

Detroit Medical Center furloughs nearly 500 team members amid COVID-19 crisis

Detroit Medical Center announced Wednesday it would furlough 480 employees who are not responding to the COVID-19 crisis.

April 15, 2020 11:36pm EDT
Ann Arbor's Caravan Gift Shop raising money to stay open after 93 years of business

Ann Arbor's Caravan Gift Shop raising money to stay open after 93 years of business

One Ann Arbor store is at risk of closing its doors for good after 93 years of business.

April 4, 2020 11:40am EDT
How the opioid epidemic costs the US economy $80B a year
video

How the opioid epidemic costs the US economy $80B a year

April 12, 2017 11:18pm EDT
Sen. Stabenow announces Bring Jobs Home Act
video

Sen. Stabenow announces Bring Jobs Home Act

January 30, 2017 11:06am EST
Are Republicans or Democrats better for the economy?
video

Are Republicans or Democrats better for the economy?

October 24, 2016 9:20am EDT
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Disgraced Rochester Hills doctor to spend up to 60 years behind bars for sex crimes

Disgraced Rochester Hills doctor to spend up to 60 years behind bars for sex crimes

Trump Administration threatens to withhold SNAP benefits from Democratic-controlled states

Trump Administration threatens to withhold SNAP benefits from Democratic-controlled states

Man accused of murdering stepfather in Pontiac

Man accused of murdering stepfather in Pontiac

Stay frosty: Mug Root Beer unveils new cologne in time for holidays

Stay frosty: Mug Root Beer unveils new cologne in time for holidays

'I didn’t have enough money': 88-year-old Michigan vet given help from GoFundMe to retire

'I didn’t have enough money': 88-year-old Michigan vet given help from GoFundMe to retire

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2025 Holiday Shipping Deadlines: USPS, FedEx, UPS important dates to remember

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Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Paralyzed Metro Detroit man regains ability to walk

Paralyzed Metro Detroit man regains ability to walk

SCOTUS will allow Texas to use redrawn congressional map for 2026 election

SCOTUS will allow Texas to use redrawn congressional map for 2026 election

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