After Michigan regulators closed Citizens State Bank of New Baltimore and named the FDIC receiver, the FDIC set up the Deposit Insurance National Bank of New Baltimore to serve depositors.

For purposes of whether to grant a community charter, a well defined local community would have to have 2.5 million or fewer people and have a core area containing 50% of the jobs and 33% of the population.

By a vote of 16-7, the Senate Banking Committee today voted to recommend to the full Senate that Federal Reserve Chairman Ben S. Bernanke be confirmed for a second term.

Consumer prices increased 0.4% last month, the Labor Department reported today.

In another sign that the economy is on the upswing, housing starts increased 8.9% in November, an improvement over the 10.6% decline in October.

Saying that while "economic activity has continued to pick up and that the deterioration in the labor market is abating," there are still several reasons to be concerned, the Federal Reserve today announced it was keeping interest rates unchanged.

A threatened revolt by Democratic centrists delayed the start of the House debate on legislation to revamp the way the federal government regulates financial services.

WASHINGTON -- Free liquor, free food and inspirational speeches from their congressional allies.