A second round of talks starts on Friday in Mexico City to renegotiate the 1994 accord binding the United States, Mexico and Canada. U.S.- Canada- Mexico trade has quadrupled since NAFTA took effect in 1994, surpassing $1 trillion in 2015.. While several other states export a significant amount of products to Canada and Mexico, Michigan is an "outlier" in Fitch's...
Toyota North America chief Jim Lentz told Reuters in an interview the automaker has not started searching for sites for the plant, expected to employ 4,000 workers, but would locate the factory near Toyota's existing supply chain. Toyota has 10 U.S. plants in eight states in an arc that runs from West Virginia through Kentucky, Indiana, Alabama, Mississippi and...
WASHINGTON, July 27- Wisconsin Governor Scott Walker on Thursday defended his plan to give a $3 billion tax break over 15 years to convince Taiwanese electronics manufacturer Foxconn to build a $10 billion LCD flat screen factory. Rival Republican Governor Rick Snyder of Michigan tweaked Walker, saying: "You have to ask what price is Wisconsin paying to get them...
Among the group's recommendations for the Senate include maintaining the expansion of Medicaid, the government health insurance program for the poor and disabled, while also limiting federal spending for certain populations, according to a copy of the proposal. Members of the group, which include governors from Utah, Tennessee and Michigan, are also now...
May 3- Puerto Rico on Wednesday filed for a form of bankruptcy protection, bumping aside Detroit for the title of the largest municipal insolvency case in U.S. history. Puerto Rico's overall debt burden is nearly seven times larger than Detroit's was when it entered bankruptcy. Puerto Rico, as a U.S. territory, is barred from filing for the same kind of creditor...
Companies can now test self-driving cars on Michigan public roads without a driver or steering wheel under new laws that could push the state to the forefront of autonomous vehicle development.
Some states have made big economic strides. Others are falling short. Here's a look at movers on CNBC's Top States for Business 2016.
Snyder apologized for the public health emergency in Flint and defended his administration's response.
Michigan Gov. Rick Snyder committed $28 million more to pay for filters, bottled water, school nurses, testing and monitoring.
A U.S. judge confirmed the Detroit plan to adjust its debt and exit the biggest-ever municipal bankruptcy on Friday.
In 36 states electing governors, it's all about the economy. Governors seeking re-election promised to turn things around. Have they?
Some cities may need to be pushed into bankruptcy, while others may just need a healthy dose of private-sector medicine, said TransPro Consulting CEO Mark Aesch.
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
Twenty-two U.S. governors make over $140,500 a year, and they've been investing in some impressive digs. Click ahead to take a peek at the homes of some top-paid governors.
There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
In Michigan, more than 3,500 lottery winners are also on public assistance, drawing attention to waste in a state still reeling from the nation's economic downturn.
Standard & Poor's on Friday showed its support for Michigan's takeover of Detroit by upgrading the city's credit rating to "stable" from "negative."
Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.
Kevyn Orr, the attorney who managed Chrysler's 2009 bankruptcy, is reportedly Michigan Gov. Rick Snyder's top pick to be Detroit's financial emergency manager.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.