WASHINGTON – WASHINGTON (AP) - The focus to boost new car sales and get old gas guzzlers off the road now turns to the Senate after easy House approval.
The "cash for clunkers" bill, which passed the House 298 to 119, would give consumers instant vouchers of up to $4,500 when they turn in older, gas guzzling vehicles and buy new, more fuel-efficient ones.
The aim is to help the ailing auto industry, which has seen sales drop by more than a third in just two years.
WASHINGTON (AP) - The Obama administration is ready to issue broad new principles on how to compensate top financial sector executives.
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke want to give the Fed and the Securities and Exchange Commission greater powers to set compensation guidelines across the financial sector.
NEW YORK (AP) - Chrysler is a step closer to emerging from bankruptcy protection.
The Supreme Court has cleared the way for the sale of the bulk of Chrysler's assets to Fiat. The high court rejected an appeal by a trio of Indiana pension and construction funds, consumer groups and others who wanted to block the transaction.
The deal has the backing of the Obama administration. It will likely close today, according to A person briefed on the company's plans who declined to be named ahead of an official announcement.
WASHINGTON – WASHINGTON (AP) - The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.
The court has rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.
A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.
LANSING, MI – LANSING, MI (WKAR) - The Lansing Lugnuts defeated the West Michigan Whitecaps, 8-2, in the first game of a doubleheader before dropping the nightcap, 5-3, in 11 innings last night at Oldsmobile Park. Tonight at 7:05 p.m., the Lugnuts host the beginning of a four-game series with the Great Lakes Loons.