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) -
As Detroit City Council members debate the merits and grounds for
appealing the governor's decision to appoint an emergency manager, most
agree they should fight. However, it is not clear that is the plan for
Mayor Dave Bing.
"Given the magnitude of this, because this is huge, I would expect that the mayor would, if not come before the council, then at least do some sort of a speech clarifying exactly what his position is," said council member Ken Cockrel, Junior.
"If we don't go together speaking with one voice, what does that say about asking for an extended consent agreement when the council and the mayor are not on the same page?" said Council President Pro-Tem Gary Brown.
Bing has said he doesn't favor emergency management, but has not said if he will take action. Council President Charles Pugh favors a modified version of the consent agreement. The state has spent millions on a turnaround team. Pugh wants to give it a chance to work.
"We're not appealing the fact that we're in a financial emergency, we know that we are, but what we're appealing is the fact that we don't need one person to come from Lansing to run the City of Detroit. It would be devastating," said Pugh.
Others want to appeal for other reasons. Council member JoAnn Watson reminded her colleagues Michigan voters struck down emergency management in November only to see it pushed through a lame duck session in December.
"This is part of a plan nationally, right wing agenda to take away the vote of the people," she said at Tuesday's council meeting. "So stand up and fight."
Detroiters that gathered for public comment agreed.
"Emergency managers destroy," said one resident. "They've destroyed DPS. They've destroyed Pontiac."
"This goes to the heart of our democracy. It's something that should not stand," another said.
City council will be meeting again Wednesday morning and also meeting with their attorneys to try and figure out what's next. They're even hoping maybe they'll see the mayor.
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.
Wednesday, June 19 2013 11:26 PM EDT2013-06-20 03:26:37 GMT
Mitchell Young's trial got underway on Wednesday. He is accused in the murder of Robert Cipriano and the beatings of Robert's wife, Rose, and son, Sal.
Mitchell Young's trial got underway on Wednesday. He is accused in the murder of Robert Cipriano and the beatings of Robert's wife, Rose, and son, Sal.
Wednesday, June 19 2013 9:52 PM EDT2013-06-20 01:52:15 GMT
The Detroit Red Wings and city officials on Wednesday announced a $650 million plan for a new arena development for the NHL team in Detroit's downtown entertainment and sports district.
The Detroit Red Wings and city officials on Wednesday announced a $650 million plan for a new arena development for the NHL team in Detroit's downtown entertainment and sports district.
Wednesday, June 19 2013 9:39 PM EDT2013-06-20 01:39:53 GMT
The state's school superintendent and treasurer could dissolve a deficit-ridden district and send the students to nearby schools under legislation narrowly approved Wednesday by a divided Michigan Senate.
The state's school superintendent and treasurer could dissolve a deficit-ridden district and send the students to nearby schools under legislation narrowly approved Wednesday by a divided Michigan Senate.
Wednesday, June 19 2013 9:33 PM EDT2013-06-20 01:33:24 GMT
Gov. Rick Snyder on Wednesday cut short his trade trip to Israel to return home and lobby reluctant fellow Republicans to expand Medicaid to more Michigan adults...
Gov. Rick Snyder on Wednesday cut short his trade trip to Israel to return home and lobby reluctant fellow Republicans to expand Medicaid to more Michigan adults, as the clock ticked before lawmakers break for the summer.
Wednesday, June 19 2013 9:21 PM EDT2013-06-20 01:21:00 GMT
Dequindre-Emery Playlot had become grossly overgrown. George Bearid said enough is enough and began mowing on Sunday. Now several neighbors have joined the effort to clean up the park.
Dequindre-Emery Playlot had become grossly overgrown. George Bearid said enough is enough and began mowing on Sunday. Now several neighbors have joined the effort to clean up the park.
Wednesday, June 19 2013 8:03 PM EDT2013-06-20 00:03:28 GMT
"I don't blame the clerk," Mike Duggan said as he ended his mayoral bid. Two courts ruled he cannot be on the ballot because he had not lived in Detroit for a year when he filed.
"I don't blame the clerk," Mike Duggan said as he ended his mayoral bid. Two courts ruled he cannot be on the ballot because he had not lived in Detroit for a year when he filed.
Detroit Mayor Dave Bing (Credit: Fox 2 News)
