Michigan finance

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Michigan State Capitol building with budget documents
Michigan Breaking News

Michigan House Approves $78.5 Billion Republican Budget

News Summary The Michigan House of Representatives has approved a Republican budget totaling $78.5 billion along party lines. This budget is $5 billion less than Governor Whitmer’s proposal and raises concerns over funding essential services. Key features include increased road funding and mandates for state employees, but deep cuts to

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Abstract representation of financial trust and integrity
Michigan Breaking News

Financial Advisor Charged with Insurance Fraud in Michigan

News Summary Todd Bernstein, a 67-year-old financial advisor from Birmingham, Michigan, has been charged with four counts of insurance fraud involving elderly clients. Following an investigation by the Michigan Attorney General’s office, Bernstein allegedly submitted misleading annuity applications, raising serious concerns about consumer trust in financial advisory practices. The case

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Aerial view of a JCPenney store surrounded by shoppers
Michigan Business News

Onyx Partners Acquires 119 JCPenney Stores for $947 Million

News Summary Onyx Partners Ltd., a Boston-based private equity firm, has announced its acquisition of 119 JCPenney stores for $947 million. The all-cash deal, set to close by September 8, 2025, aims to help JCPenney repay its creditors following its Chapter 11 bankruptcy filing in 2020. The stores span 16.05

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Courtroom scene with legal documents and gavel
Michigan Breaking News

Michigan Supreme Court Allows $3 Million BetMGM Lawsuit to Proceed

News Summary The Michigan Supreme Court has ruled that Jacqueline Davis can continue her $3 million lawsuit against BetMGM over a disputed gambling win attributed to a software malfunction. Davis won nearly $3.3 million playing ‘Luck O’ The Roulette’, but her account was suspended due to a claimed technical error.

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Legislative discussion on budget proposals
Michigan Breaking News

U.S. House Passes Trump’s $1 Trillion Budget Bill

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

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Artistic representation of the U.S. Capitol building with tax-related imagery.
Michigan Breaking News

U.S. House Passes Trump’s Major Tax and Spending Bill

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.

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Young adults discussing Job Corps program impacts in a community meeting.
Michigan Breaking News

Job Corps Centers in Michigan Pause Operations Amid Financial Crisis

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

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Legislative building representing cryptocurrency legislation in Michigan
Michigan Breaking News

Michigan Introduces Comprehensive Cryptocurrency Legislation

News Summary On May 21, 2025, Michigan lawmakers introduced four significant bills aimed at regulating cryptocurrency investments and mining. House Bill 4510 allows the state to invest in digital assets, while House Bill 4511 prevents bans on cryptocurrencies. Additionally, Bills 4512 and 4513 promote Bitcoin mining initiatives in abandoned sites

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Screenshot of the Michigan Unclaimed Property Program website interface
Michigan Breaking News

Michigan Launches Redesigned Unclaimed Property Website

News Summary On May 13, 2025, Michigan unveiled a new website for its Unclaimed Property Program, aimed at assisting residents in locating and claiming lost assets. The site boasts an updated design with easier navigation and clear instructions, promoting user engagement. Individuals and businesses are encouraged to check for unclaimed

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Cityscape representing economic activity and government efficiency
Michigan Breaking News

Trump’s First 100 Days: Economic Challenges and Policy Debates

News Summary In his first 100 days of a potential second term, President Trump claims significant accomplishments despite rising disapproval ratings regarding his economic policies. Voters express concerns about his strict immigration measures and potential recession risks, with key poll results indicating dissatisfaction. Elon Musk’s involvement in federal management raises

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