Friday, June 14 2013 10:25 PM EDT2013-06-15 02:25:13 GMT
A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.
A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.
Friday, May 24 2013 12:07 PM EDT2013-05-24 16:07:12 GMT
Officials say the Detroit Institute of Arts' collection could be sold to help satisfy creditors if the financially troubled city of Detroit seeks bankruptcy protection.
Officials say the Detroit Institute of Arts' collection could be sold to help satisfy creditors if the financially troubled city of Detroit seeks bankruptcy protection.
Thursday, March 28 2013 11:56 AM EDT2013-03-28 15:56:34 GMT
Michigan's tougher emergency manager law takes effect Thursday. However, its opponents are seeking to block it in federal court, saying the measure is unconstitutional.
Michigan's tougher emergency manager law takes effect Thursday. However, its opponents are seeking to block it in federal court, saying the measure is unconstitutional.
Tuesday, March 26 2013 11:22 PM EDT2013-03-27 03:22:01 GMT
On the day Kevyn Orr takes over the management of the city, Fox 2's Charlie LeDuff goes back 40 years for a unique look back at the time Detroit elected its first African-American mayor.
On the day Kevyn Orr takes over the management of the city, effectively removing Mayor Dave Bing and the Detroit City Council from power, Fox 2's Charlie LeDuff goes back 40 years for a unique look back at the time Detroit elected its first African-American mayor.
Monday, March 25 2013 11:14 PM EDT2013-03-26 03:14:42 GMT
As Detroit's new EFM takes the reigns, young adults with a vested interest in the city are concerned about the future. However, the governor wants them to know they can be part of the change and the solution.
As Detroit's new emergency financial manager takes the reigns, young adults with a vested interest in the city are concerned about the future. However, the governor wants them to know they can be part of the change and the solution.
Monday, March 25 2013 9:18 PM EDT2013-03-26 01:18:49 GMT
Kevyn Orr, Detroit's new financial emergency manager, met with several city leaders during his first day on the job, but not everyone is thrilled with his arrival.
Kevyn Orr, Detroit's new financial emergency manager, met with several city leaders during his first day on the job, but not everyone is thrilled with his arrival.
Monday, March 25 2013 7:23 PM EDT2013-03-25 23:23:58 GMT
Detroit's EMS and police departments are getting a much needed shot in the arm from the corporate world. There will be new ambulances in the next four to five months and 100 new patrol cars within 60 to 90 days.
Detroit's EMS and police departments are getting a much needed shot in the arm from the corporate world. There will be new ambulances in the next four to five months and 100 new patrol cars within 60 to 90 days.
Monday, March 25 2013 12:56 PM EDT2013-03-25 16:56:46 GMT
Fox 2's Maurielle Lue reports protestors are still gathering, waving flags and signs against Detroit's new E.F.M. (Emergency Financial Manager).
Fox 2's Maurielle Lue reports protestors are still gathering, waving flags and signs against Detroit's new E.F.M. (Emergency Financial Manager). Despite the snow and chilly temperatures, the protest was strong for more than half an hour.
DETROIT (WJBK) -
Gov. Rick Snyder believes Detroit's incoming emergency financial manager is qualified to help turn the city around despite records showing he had tax liens.
Snyder told reporters Monday in Detroit that the state did a "very thorough process" in vetting Kevyn Orr for the job, and Orr now can focus on getting "Detroit going again" after taking care of the debt.
"He did the right thing by paying off the two liens that were outstanding, but it sort of took some of the shine off of the launch, which was pretty good," said Fox 2 political analyst Tim Skubick. "This is not fatal, but it's the sort of thing that's kind of embarrassing, and the governor, who does not like surprises, I'm sure he was not very happy."
News reports surfaced that the financial guru sent to save the city did not have his own house in order with more than $30,000 in liens on his $1 million Maryland home for repeated failure to pay a nanny tax, which he has since paid.
"It's something that was overlooked. It's been addressed, and he took care of it. So my view is let's move on, and let's get back to growing the City of Detroit," Snyder told us.
While the governor remains confident, many on City Council remain quiet, not commenting publicly. Some said through staffers or statements that they'll work together to move the city forward.
"The man made a mistake. If he's going to be here, them let him be here and cooperate, move forward and get out of here so that we can continue to improve the City of Detroit," said City Council President Charles Pugh.
He also said council is hoping to meet with Orr this week and preserve daily operations for the city's elected officials.
"Kevyn Orr should not be trying to run the daily operations of the City of Detroit. He should be trying to restructure a debt and then get out, and so that will be what I tell him," Pugh said.
Orr doesn't start until March 25. As for the first order of business once he does start, the governor continues to place high priorities on lighting and public safety.
"Doesn't everyone want to see Detroit do better? Let's just work together and solve the problem," Snyder said.
Monday, June 17 2013 7:25 AM EDT2013-06-17 11:25:47 GMT
Since the Tea Party is such an amorphous group with no political center of gravity, it's hard to get your arms around how much support Gov. Rick Snyder had the first time he ran.
Since the Tea Party is such an amorphous group with no political center of gravity, it's hard to get your arms around how much support Gov. Rick Snyder had the first time he ran.
Thursday, June 13 2013 10:35 PM EDT2013-06-14 02:35:56 GMT
The Republican-led Michigan House late Thursday voted to make hundreds of thousands of more low-income adults eligible for Medicaid.
The Republican-led Michigan House late Thursday voted to make hundreds of thousands of more low-income adults eligible for Medicaid, sending the legislation across the Capitol to a chamber where its future may be less uncertain.
Thursday, June 13 2013 6:15 PM EDT2013-06-13 22:15:19 GMT
Michigan's attorney general says the collection at the Detroit Institute of Arts is not vulnerable to being sold to pay off any of the city's debt during a municipal bankruptcy.
Michigan's attorney general says the collection at the Detroit Institute of Arts is not vulnerable to being sold to pay off any of the city's debt during a municipal bankruptcy.
Tuesday, June 11 2013 8:27 AM EDT2013-06-11 12:27:49 GMT
One can only wonder what might have happened had all these White House messes unfolded as Mitt Romney and Barack Obama dashed for the finish line last November.
One can only wonder what might have happened had all these White House messes unfolded as Mitt Romney and Barack Obama dashed for the finish line last November.
Monday, June 10 2013 8:07 AM EDT2013-06-10 12:07:34 GMT
For obvious reasons nobody in the capitol press corps would ever admit this publicly. But if you applied a little truth serum, some would begrudgingly concede that Gov. Rick Snyder is a master at staying on message.
For obvious reasons nobody in the capitol press corps would ever admit this publicly. But if you applied a little truth serum, some would begrudgingly concede that Gov. Rick Snyder is a master at staying on message.
Monday, June 17 2013 9:27 PM EDT2013-06-18 01:27:07 GMT
The jury in the manslaughter trial of Detroit officer Joseph Weekley did not reach a verdict on Monday. The jury has now deliberated for two full days.
The jury in the manslaughter trial of Detroit officer Joseph Weekley did not reach a verdict on Monday. The jury has now deliberated for two full days.
Friday, June 14 2013 5:57 PM EDT2013-06-14 21:57:29 GMT
Jurors have gone home without a verdict on the first day of deliberations in the trial of a Detroit police officer charged in the shooting death of a 7-year-old girl.
Jurors have gone home without a verdict on the first day of deliberations in the trial of a Detroit police officer charged in the shooting death of a 7-year-old girl.
Thursday, June 13 2013 5:44 PM EDT2013-06-13 21:44:55 GMT
It was a day of dramatic testimony in the manslaughter trial of the Detroit cop charged with killing seven-year-old Aiyana Stanley-Jones as Officer Joseph Weekley took the stand in his own defense.
It was a day of dramatic testimony in the manslaughter trial of the Detroit cop charged with killing seven-year-old Aiyana Stanley-Jones as Officer Joseph Weekley took the stand in his own defense.
Monday, June 10 2013 7:55 PM EDT2013-06-10 23:55:49 GMT
Testimony got emotional on Monday as the jury heard from Aiyana Jones' grandmother, but the defense questioned whether she has told two different accounts of what happened.
Testimony got emotional on Monday as the jury heard from Aiyana Jones' grandmother, but the defense questioned whether she has told two different accounts of what happened.
Tuesday, June 18 2013 11:38 PM EDT2013-06-19 03:38:44 GMT
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions.
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions.
Tuesday, June 18 2013 11:29 PM EDT2013-06-19 03:29:11 GMT
An angry pastor is trying to keep his cool. He is mad at whoever tore apart his air conditioning unit to steal the copper, but he also says the entire community shares the blame.
An angry pastor is trying to keep his cool. He is mad at whoever tore apart his air conditioning unit to steal the copper, but he also says the entire community shares the blame.
Tuesday, June 18 2013 9:46 PM EDT2013-06-19 01:46:58 GMT
Nearly a hundred years ago, two girls from Detroit put a message in a bottle and threw it into the waters of the St. Clair River. Now that message is back on dry land after being found by a diver in 30 feet of water.
Nearly a hundred years ago, two girls from Detroit put a message in a bottle and threw it into the waters of the St. Clair River. Now that message is back on dry land after being found by a diver in 30 feet of water.
Tuesday, June 18 2013 7:26 PM EDT2013-06-18 23:26:33 GMT
The latest dig in the search for former Teamsters' boss Jimmy Hoffa will resume on Wednesday in an Oakland Township field. So far, crews have found two concrete slabs and animal bones.
The latest dig in the search for former Teamsters' boss Jimmy Hoffa will resume on Wednesday in an Oakland Township field. So far, crews have found two concrete slabs and animal bones.
Tuesday, June 18 2013 4:54 PM EDT2013-06-18 20:54:19 GMT
Who will open for Bon Jovi at Ford Field on July 18? Your vote will decide. 20 bands left in the Fox Rocks contest. Voting period: Now through July 10. Time to 'Fox Rocks' the vote.
Who will open for Bon Jovi at Ford Field on July 18? Your vote will decide. 20 bands left in the Fox Rocks contest. Voting period: Now through July 10. Time to 'Fox Rocks' the vote.
Tuesday, June 18 2013 12:20 PM EDT2013-06-18 16:20:44 GMT
Detroit Metropolitan Airport officials evacuated a section of the McNamara Terminal Tuesday morning after a canine picked up the scent of explosives on the apron, where planes load.
Detroit Metropolitan Airport officials evacuated a section of the McNamara Terminal Tuesday morning after a canine picked up the scent of explosives on the apron, where planes load.
Kevyn Orr
