Economy | The Michigan Independent

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Michigan State Capitol

Michigan laws on contraceptives, housing, voting and more to take effect in 2025

Trump says he now supports elimination of federal debt ceiling

Donald Trump

New cap on Medicare Part D out-of-pocket prescription costs goes into effect

Joe Biden at health care costs event

Trump tariff threats cast a shadow over Canadian oil imports

Pumpjacks draw out oil and gas from well heads as wildfire smoke hangs in the air near Calgary, Alberta, May 12, 2024.

Federal reserve rate cuts to slow in 2025

Federal Reserve Chairman Jerome Powell holds a press conference in the Federal Reserve Headquarters in Washington, DC, on Wednesday, December 18, 2024.

In this image taken with a drone, Jason Kwapi operates a combine, at left, during soybean harvesting on the Voss farm near Palo, Iowa, Oct. 2, 2024.

US economic growth accelerated in third quarter

Medicine bottles

Big Pharma pushes repeal of drug price negotiation that lowers costs for consumers

Xavier Square in Detroit

Michigan Democrats eye housing reform in waning days of lame-duck session

A general view of the U.S. Department of the Treasury, in Washington, D.C., on Tuesday, June 20, 2023.

Nonpartisan scorekeeper: Trump’s tax cuts for the rich would not bring economic growth

Cherries.

Climate change, pests and disease continue to threaten Michigan cherry crops

A person counting money.

GOP plan to privatize mortgage firms could cost new borrowers $2,800 more annually

Republican presidential nominee former President Donald Trump speaks at a meeting of the Detroit Economic Club, Thursday, Oct. 10, 2024, in Detroit. (AP Photo/Julia Demaree Nikhinson)

Trump presidency could bring higher car prices for consumers, uncertainty for automakers

Kamala Harris at semiconductor plant

Michigan semiconductor plant secures $325 million in federal CHIPS funding

Kristen McDonald Rivet

Proposed tax credit could ease burden on Michigan families, child care providers

Donald Trump

Economists say Trump’s plans will increase inflation and national debt

Shoppers at Walmart

Inflation is down under Biden and Harris. Trump’s tariffs would send it soaring again.

Republican presidential nominee former President Donald Trump talks with workers in the kitchen of ll Toro E La Capra during a campaign event, Friday, Aug. 23, 2024, in Las Vegas. (AP Photo/Julia Nikhinson)

Trump said he ‘hated’ to pay workers overtime. In office, he could gut overtime rules.