michigan

More States Join Lawsuit Challenging CFPB and Dodd-Frank

Eight more states have joined a lawsuit aimed at challenging the constitutionality of parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the creation of the Consumer Financial Protection Bureau.

Chrysler Reports Best Sales Year Since Before the Great Recession

Chrysler's U.S. sales jumped 21 percent last year, the carmaker's strongest performance since 2007. The company's sales growth, which outpaced the U.S. auto industry overall, was a strong sign that Americans were feeling more confident about the economy last year.

The 6 Biggest Busted Bets of 2012

As pundits and politicians rush to sew the year up into a neat little bundle, we decided to look at 2012 from a slightly different angle. Here is our list of the year's worst bets -- six developments that seemed like sure things in January, but were bust by December.

The 9 Most Important Financial Stories of 2012

Sometimes the most important news stories get overshadowed by short-term crises and teakettle tempests. With that in mind, we at DailyFinance decided to take a look back at the nine stories of 2012 that are likely to have the biggest impact on your wallet in the year ahead.

Thousands Fall Victim to Utility Payment Scam

As much as President Barack Obama wants your vote, he won't pay your electric bill. But thousands of Americans have been persuaded otherwise, falling victim to a scam that claims to be part of an federal program to help pay utility bills in the midst of this scorching summer.

Meet the 12 People Who Have to Fix the U.S. Budget

There has been a pleasant lull in reporting about the debt ceiling and budget debate, but don't let the quiet fool you. Right now, 11 men and one woman are crafting a plan to reduce the federal budget deficit by $1.5 trillion over 10 years. They are the members of the Joint Select Committee on Deficit Reduction -- aka, the Deficit Supercommittee

Jackpot! States With Biggest Lottery Payouts

Lotteries are big businesses in most states, and they can provide windfalls for both the winning ticket-holders and state coffers. But which states give the most back to ticket-holders and through government services?

Obama Wants to Use WiFi to Cut the U.S. Budget Deficit

U.S. President Barack Obama on Thursday proposed that the government auction off its portion of the wireless spectrum to private companies to boost access to high-speed Internet and cut the federal budget deficit.

Ethanol, the Next Generation: Corn Is Out, Cellulose Is In

It has become clear to politicians and scientists that corn-based ethanol isn't the solution for creating a home-grown fuel source. Enter "cellulosic ethanol," made from wood chips, weeds or algae: Is this the fuel of the future? A company called Mascoma is gearing up to prove it is.

Unemployment in Some States Near Record Highs

The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.

GM Unveils Plans for New Compact Buick Sedan

General Motors unveiled plans Thursday to build a new compact Buick sedan at an idled plant in Michigan that once built Pontiacs. The automaker will invest $145 million to retool the Orion Assembly plant, which will build the new Buick Verano sedan as well as a yet-unnamed small Chevrolet car, GM said during a press briefing at the plant, about 40 miles north of Detroit.

Will Michigan Pick the Tough Nerd or the Angry Mayor?

After Tuesday's primary, the governor's race in Michigan sounds like a battle between comic book villains. The GOP's Rick Snyder, former head of Gateway Computer, calls himself "one tough nerd." His Democratic foe, Lansing Mayor Virg Bernero, has the nickname "America's Angriest Mayor."