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) -
We're days away from having an emergency financial manager on the job in Detroit. Tuesday, some citizens spoke out on the controversial measure.
Their power will soon be in question, but until next week it is business as usual for Detroit City Council members, who hosted a community meeting at Greater Baptist Community Church.
However, instead of addressing concerns about issues in the east side community, members found themselves on the defense as residents peppered them with questions and comments about why they couldn't keep an emergency financial manager away.
Here is a sampling of what residents had to say:
"All of you seemed so passive waiting to get roasted by the governor.... We're not going to roll over."
"Those of us... in the City of Detroit, we want to know the extreme of what's going to happen if there's a bankruptcy."
"There are lots of people that died to make sure that we had the right to vote."
"You allowed it to happen."
Council appealed the state takeover and lost. Some have decided to work with the Washington-based bankruptcy attorney Kevyn Orr to put the city's financial problems behind them.
Although Orr arrives next week in time for the new emergency manager law to take effect, members Brenda Jones and JoAnn Watson have no intentions of throwing in the towel.
"No one has a right to take away the constitutional rights of people, and the people who vote in Detroit voted for us. So what we need to do is stand up and fight something that is stripping our people of their constitutional rights. Voting rights [are] under assault in this city," said Watson.
The question is how much power will council members have when the emergency manager can overrule the city charter and has complete control over the city's finances and operations.
"One man cannot run this city. This is a complex city," said City Council President Charles Pugh.
He isn't worried. He's convinced members will be able to keep their pay and prominent roles when it comes to running the city.
"He's going to be too busy to run the City of Detroit. He's going to need the people who were elected to run the city to run the city while he uses his skill set, which is bankruptcy, debt restructuring," Pugh said.
Tuesday, June 18 2013 9:02 AM EDT2013-06-18 13:02:29 GMT
The FBI and local police have teamed up hoping to solve a 38-year-old murder mystery. They are searching an Oakland Township field looking for Jimmy Hoffa.
The FBI and local police have teamed up hoping to solve a 38-year-old murder mystery. They are searching an Oakland Township field looking for Jimmy Hoffa.
Wednesday, June 12 2013 11:26 PM EDT2013-06-13 03:26:44 GMT
Less than 24 hours after a judge bounced Detroit mayoral candidate Mike Duggan from the ballot saying he didn't meet the City Charter's residency requirements, a negative political ad hit the air.
Less than 24 hours after a judge bounced Detroit mayoral candidate Mike Duggan from the ballot saying he didn't meet the City Charter's residency requirements and around the same time Duggan vowed to appeal, a negative political ad hit the air.
Wednesday, June 12 2013 8:49 AM EDT2013-06-12 12:49:07 GMT
This could be a game changer for Detroit's mayoral election. Mike Duggan was yanked from the ballot after a judge said he was not a registered voter in the city for a year before he filed his nominating petitions
This could be a game changer for Detroit's mayoral election. Mike Duggan, who was considered a front runner, was yanked from the ballot after a judge said he was not a registered voter in the city for a year before he filed his nominating petitions. He fell just 14 days short.
Tuesday, June 11 2013 10:38 AM EDT2013-06-11 14:38:08 GMT
It was late last week after the last day of school when parents received an unexpected letter in their email that reads more like more soap opera than something from a school district.
It was late last week after the last day of school when parents received an unexpected letter in their email that reads more like more soap opera than something from a school district.
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.
"You allowed this to happen," a resident said as she pointed her fingers at council members. (Credit: Fox 2 News)
