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) -
In a one-on-one interview with FOX 2's M.L. Elrick, Mayor Dave Bing said on Thursday he believes there is no doubt in his mind that an emergency manager is coming. "We better figure out how to work with that person as opposed to against that person. I think now that the state is going to do this, I think you need the state as your partner," Bing said.
Just five critical days remain for the city council to put together a powerful argument to convince the governor that Detroit does not need an emergency manager.
A hearing on Tuesday in Lansing will give them 30 minutes to make their case. Municipal attorney Patrick McCauley says the council's argument would have to be more than a little convincing. "I think the governor is going to give them a fair and considered hearing, but my sense is that they're really going to have to pull a rabbit out of the hat to convince the governor that his initial take on this was incorrect or that he ought to reconsider it, " McCauley said.
The council voted on a resolution Wednesday appealing the state's declaration of a financial emergency in Detroit. That's an appeal that Mayor Dave Bing says he wants no part of, adding that he believes the fight against an Em is over.
But does the council have the legs to stand on its own with their appeal? McCauley says the governor likely will not change his mind despite the fact that some believe this is a civil rights issue. "In the governor's mind the voters put the council in place but they haven't done the job. So I think the governor said, thank you voters for doing that but we have to move in a different direction at this point," McCauley said.
Meanwhile, protesters plan to gather in downtown Detroit Thursday evening to show their opposition to an expected emergency manager in the city. Demonstrators plan to gather at 211 Fort St. at 6 p.m. for a candlelight vigil.
Come back to myFOXDetroit.com for updates and the latest developments on Fox 2 News beginning at 5 p.m.
Tuesday, May 21 2013 6:21 PM EDT2013-05-21 22:21:52 GMT
As people struggle to pick up the pieces in the areas of Oklahoma ravaged by tornadoes, we've learned some relief will be coming from right here in Michigan.
As people struggle to pick up the pieces in the areas of Oklahoma ravaged by tornadoes, we've learned some relief will be coming from right here in Michigan.
Monday, June 17 2013 5:55 PM EDT2013-06-17 21:55:56 GMT
A new search for the remains of Jimmy Hoffa is underway in northern Oakland County. Armed with a search warrant, the FBI moved in Monday morning and started digging in Oakland Township.
A new search for the remains of Jimmy Hoffa is underway in northern Oakland County. Armed with a search warrant, the FBI moved in Monday morning and started digging in Oakland Township.
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, June 14 2013 11:49 AM EDT2013-06-14 15:49:37 GMT
Authorities say hundreds of gallons of gasoline have spilled on the pavement and into the sewer at a Detroit gas station after at least one man confronted a fuel tanker driver.
Authorities say hundreds of gallons of gasoline were spilled on the pavement and into the sewer at a Detroit gas station after at least one man confronted a fuel tanker driver.
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.
Monday, June 17 2013 11:31 PM EDT2013-06-18 03:31:06 GMT
Detroit Emergency Manager Kevyn Orr is working on improving city services, including the streetlights. More than 40 percent of them do not work, but the Detroit Public Lighting Authority is now beginning its work.
As Kevyn Orr tries to solve Detroit's financial crisis, he is also working on improving city services, including the streetlights. More than 40 percent of them do not work, but the Detroit Public Lighting Authority is now beginning its work.
Monday, June 17 2013 10:43 PM EDT2013-06-18 02:43:12 GMT
He is a Detroit lawmaker serving his second term in the state House, but he may be spending a little too much time at his own house. M.L. Elrick puts state Rep. John Olumba's attendance record under the microscope.
He is a Detroit lawmaker serving his second term in the state House, but he may be spending a little too much time at his own house. M.L. Elrick puts state Rep. John Olumba's attendance record under the microscope.
Monday, June 17 2013 10:36 PM EDT2013-06-18 02:36:35 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.
Monday, June 17 2013 6:45 PM EDT2013-06-17 22:45:07 GMT
In a surprising move, Tucker Cipriano pled no contest to murder in the beating death of his father. Cipriano made the plea just days before members of his own family were set to testify against him.
In a surprising move, Tucker Cipriano pled no contest to murder in the beating death of his father. Cipriano made the plea just days before members of his own family were set to testify against him.
Monday, June 17 2013 5:55 PM EDT2013-06-17 21:55:56 GMT
A new search for the remains of Jimmy Hoffa is underway in northern Oakland County. Armed with a search warrant, the FBI moved in Monday morning and started digging in Oakland Township.
A new search for the remains of Jimmy Hoffa is underway in northern Oakland County. Armed with a search warrant, the FBI moved in Monday morning and started digging in Oakland Township.
Monday, June 17 2013 4:56 PM EDT2013-06-17 20:56:42 GMT
General Motors is recalling more than 193,652 SUVs from the 2006 and 2007 model years because a circuit board in the driver's door could short and cause a fire.
General Motors is recalling more than 193,652 SUVs from the 2006 and 2007 model years because a circuit board in the driver's door could short and cause a fire.
(Credit: WJBK|myFOXDetroit.com) Detroit Mayor Dave Bing
