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.
SOUTHFIELD, Mich. (WJBK) -
Calling it a "sad day," Governor Rick Snyder declared Detroit to be "in financial emergency" Friday. The mayor and city council have ten days to appeal his decision. The governor could then appoint an emergency manager after a hearing later this month.
On a special edition of "Let It Rip", Governor Snyder gave us more detail about what he did and why.
If an EM is appointed, will the council and the mayor still have jobs? Will they have any input? Plus, what are his priorities as the state essentially begins a takeover of Detroit.
Joining Huel Perkins and the governor on our panel were Pulitzer Prize-winning reporter Charlie LeDuff and Fox 2 legal analyst and "Let It Rip Weekend" host Charlie Langton.
Click on the video player to watch the discussion unfold. Plus, share your thoughts with us in the "Comments" section below.
Wednesday, June 19 2013 11:40 AM EDT2013-06-19 15:40:48 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.
Wednesday, June 19 2013 11:20 AM EDT2013-06-19 15:20:12 GMT
Detroit mayoral candidate Mike Duggan ended his campaign Wednesday and will not challenge an appeals court ruling that bars him from the August primary ballot.
Detroit mayoral candidate Mike Duggan ended his campaign Wednesday and will not challenge an appeals court ruling that bars him from the August primary ballot.
Wednesday, June 19 2013 11:13 AM EDT2013-06-19 15:13:58 GMT
A search of a rural field in suburban Detroit has failed to turn up the remains of former Teamsters union leader Jimmy Hoffa, an FBI agent announced Wednesday as authorities ended the dig.
A search of a rural field in suburban Detroit has failed to turn up the remains of former Teamsters union leader Jimmy Hoffa, an FBI agent announced Wednesday as authorities ended the dig.
Wednesday, June 19 2013 9:45 AM EDT2013-06-19 13:45:33 GMT
Kid Rock has added an eighth date to his "$20 Best Night Ever" tour at DTE Energy Music Theatre. Officials say tickets for the Aug. 20 show will go on sale at 10 a.m. on June 22.
Kid Rock has added an eighth date to his "$20 Best Night Ever" tour at DTE Energy Music Theatre. Officials say tickets for the Aug. 20 show will go on sale at 10 a.m. on June 22.
Wednesday, June 19 2013 9:22 AM EDT2013-06-19 13:22:54 GMT
FBI agents in suburban Detroit began a third day of digging Wednesday in the search for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 years ago.
FBI agents in suburban Detroit began a third day of digging Wednesday in the search for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 years ago.
Wednesday, June 19 2013 8:41 AM EDT2013-06-19 12:41:21 GMT
Mike Duggan is expected to lay out his future plans Thursday, one day after an appeals court ruled that he doesn't meet Detroit residency requirements to put his name on the ballot for the Aug. 6 primary elections.
Mike Duggan is expected to lay out his future plans Thursday, one day after an appeals court ruled that he doesn't meet Detroit residency requirements to put his name on the ballot for the Aug. 6 primary elections.
Wednesday, June 19 2013 7:35 AM EDT2013-06-19 11:35:18 GMT
Detroit City Council member Kwame Kenyatta says he quitting Friday. Kenyatta didn't give a specific reason, but he says the council is virtually powerless now that Detroit is being run by an emergency manager.
Detroit City Council member Kwame Kenyatta says he quitting Friday. Kenyatta didn't give a specific reason to radio station WWJ, but he says the council is virtually powerless now that Detroit is being run by an emergency manager.
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