US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

'What Detroiters deserve': Plan would drop Detroit homeowners' taxes

Detroit Mayor Mike Duggan is touting a new plan to reduce taxes for homeowners in the city. Under the Land Value Tax plan, most of the city's homeowners would see their taxes drop 17%.

Katy Perry sells music catalog for $225 million

On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports.

Experts worry UAW strike could tip U.S. economy into recession

Dealerships are worried interest rates and less vehicle supply could hurt consumers. But there are worries of bigger fiscal cliffs on the way.

Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.

UAW strike implications: Michigan hit hardest while car prices expected to rise

The cost of a car could go up whether there's a strike causing less supply, or a higher negotiated wage trickling down to the consumer. But just how much? One experts says between $800 - $1,200 per vehicle.

Are you still in the middle class in Michigan? New study adjusts minimum annual income for inflation

How much money do you have to make to be considered middle class in Michigan? A new calculator is factoring the inflation surge of the past few years to determine what that number is now.

Arkansas 7-year-old makes 2.95-carat diamond discovery on her birthday at state park

A 7-year-old Arkansas girl celebrating her birthday on a trip to the state's Crater of Diamonds State Park took home a big present after she found a nearly 3-carat diamond.

Congress returns to avoid government shutdown while Republicans weigh an impeachment inquiry

President Joe Biden and congressional leaders are focused on the passage of a months-long funding measure to keep government offices running while lawmakers iron out a budget.

IRS announces changes impacting catch-up contributions

Eligible Americans saving for retirement can continue catch-up contributions on a pretax basis through 2025.

American Airlines slapped with record-breaking $4.1M penalty for stranding passengers on delayed flights

The federal government is fining American Airlines $4.1 million for dozens of instances in which passengers were kept on board planes without a chance to exit during long ground delays.

Options for new cars under $20,000 limited to a single choice

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one.

Looming UAW strike could cost US economy more than $5B in just 10 days

If the United Auto Workers decides to strike against the "Big Three" Detroit automakers when the current contract expires next month, it could cost the U.S. economy more than $5 billion.

Gas prices fire up as summer draws to a close: AAA

The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.