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.
Tuesday, June 18 2013 11:08 AM EDT2013-06-18 15:08:18 GMT
Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
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.
Wednesday, June 19 2013 12:07 PM EDT2013-06-19 16:07:39 GMT
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
Wednesday, June 19 2013 11:13 AM EDT2013-06-19 15:13:37 GMT
A father and son who admitted they were pimps have been acquitted in New York of sex trafficking after several prostitutes testified they were treated well.
A father and son who admitted they were pimps have been acquitted in New York of sex trafficking after several prostitutes testified they were treated well.
Wednesday, June 19 2013 9:13 AM EDT2013-06-19 13:13:21 GMT
A car crashed into a building on 2nd Avenue and East 4th Street in the East Village on Wednesday morning. At least eight people were injured, three in serious condition, according to FDNY officials.
A car jumped the curb on 2nd Avenue and East 4th Street in the East Village on Wednesday morning injuring eight people. Witnesses say the Nissan was traveling at a high speed before it took out the store front, trees, bicycles, a light post and a fire hydrant.
Wednesday, June 19 2013 8:30 AM EDT2013-06-19 12:30:41 GMT
Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
Natura Pet Products is voluntarily recalling all Innova, California Natural, EVO, Healthwise, Mother Nature and Karma branded dry pet food and biscuit, bar, and treat products with expiration dates prior to June 10, 2014, because of a positive Salmonella test.
Wednesday, June 19 2013 7:07 AM EDT2013-06-19 11:07:13 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the morning rush.
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the morning rush. Crews have been working to repair tracks and switches after Monday's derailment.
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.
(Credit: WJBK|myFOXDetroit.com) Detroit Mayor Dave Bing
