News Summary On July 3, 2025, the U.S. House of Representatives narrowly approved President Trump’s $1 trillion budget bill, following a tight Senate vote. The legislation promises substantial tax cuts and funding for military and border security but faces significant opposition regarding its impact on healthcare and social programs. Critics
News Summary The U.S. House of Representatives has passed President Trump’s tax and spending bill, known as the ‘One Big Beautiful Bill,’ by a narrow margin of 218-214. While the legislation promises broad tax cuts and spending reductions, it faces criticism for potential impacts on Medicaid and essential social programs.
News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite a small recovery in June. The Michigan Index of Consumer Sentiment saw a 29% drop in early 2025, with a slight bounce to 60.5 in June. Despite this uptick, consumer
News Summary Michigan’s unemployment rate decreased slightly from 5.5% in April to 5.4% in May, yet it ranks 49th among states, with job losses particularly in manufacturing. Although a slight drop occurred, economic forecasts suggest continued struggle with unemployment due to various challenges. Comparisons with other states show Michigan’s rate
News Summary The Michigan Attorney General’s Office executed search warrants at the MEDC headquarters amid an investigation into potential misuse of state grant funds. The scrutiny extends to Global Link International, a nonprofit linked to significant funding from MEDC, with concerning financial practices reported. As the investigation unfolds, the implications
News Summary The U.S. Department of Labor has paused operations at multiple Job Corps centers, including those in Detroit, Flint, and Grand Rapids, due to financial shortfalls. Over 700 students are affected, causing uncertainty about their futures. Lawmakers are urging a reversal of the decision, emphasizing its detrimental impact on
News Summary US consumer sentiment has dropped for the fifth month in May 2025, hitting its lowest point since July 2022. The University of Michigan’s index fell by 2.7% to 50.8, showing nearly a 30% decline since January. Economists attribute this to ongoing trade war tensions and rising inflation concerns.
News Summary Buchanan, Michigan, will receive $2.8 million in grants from the Michigan Economic Development Corporation as part of the Revitalization and Placemaking program. This funding aims to enhance public spaces, support local economic growth, and replace aging infrastructure. A significant grant will be directed toward the Downtown Infrastructure and
News Summary May is Small Business Month, highlighting the vital role of independent beer and wine distributors in Michigan’s economy. These businesses support over 6,400 jobs and contribute significantly to community welfare through charitable contributions. However, they are currently facing uncertainties related to federal policies, rising costs, and a labor
News Summary Homeowners in Detroit have gained an incredible $700 million in wealth this year, continuing a decade-long trend that has seen total homeowner wealth increase by $4.6 billion. Notably, the majority of these gains are attributed to Black homeowners, who have accumulated $3.2 billion since 2014. Housing values citywide
