How does ‘pausing’ federal funding for school meals for disadvantaged children or programming for special needs children make America great again?” the superintendent posted on social media.

This story incorporates reporting from Detroit News, The Wall Street Journal on MSN.com and Reuters.The U.S. dollar may strengthen as market analysts suggest that tariff risks are unlikely to alter the Federal Reserve’s current policy direction.

The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.

The Fed is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after Trump said he would soon demand lower rates.

Now, once-mighty Detroit itself really has filed for Chapter 9 federal bankruptcy protection. There will be casualties from the filing — either the city's creditors will take a big haircut on ...

The federal funding memo's reversal comes after the original move caused chaos and confusion across the country, including in Michigan.

Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.

On Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local immigrants.

Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the Fed's decision, explain what it means, and provide analysis.

Mostly cloudy with a slight chance of a light snow showers Falling temperatures into the upper 20s by the evening. Winds: WNW 20-30 with gusts to 35+ mph.