Obama monitoring Detroit's bankruptcy - New York News

Obama monitoring Detroit's bankruptcy

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  • Schuette endorses Detroit art deal in bankruptcy

    Schuette endorses Detroit art deal in bankruptcy

    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.

WASHINGTON (AP) -- The White House says it's standing by Detroit after it became the biggest city in America to file for bankruptcy.
 
Spokeswoman Amy Brundage says President Barack Obama and senior advisers are monitoring the situation.
 
Brundage adds that while Michigan leaders and the city's creditors understand their responsibility to solve Detroit's financial problems, the White House will continue to partner with Detroit as it tries to recover and maintain its status as one of America's great cities.
 
Thursday's filing in federal bankruptcy court was approved by Gov. Rick Snyder. The move puts the city on an uncertain path that could lead to layoffs of city workers, the sale of city assets, higher fees and cuts in such services as trash and snow removal.

  • Local NewsLocal NewsMore>>

  • 'Spider-man' slugs cop in Times Square

    'Spider-man' slugs cop in Times Square

    Monday, July 28 2014 6:13 AM EDT2014-07-28 10:13:27 GMT
    A man dressed as Spider-Man was arraigned on charges he punched a police officer who told him to stop harassing tourists in Time Square. Junior Bishop, 25, faces charges of assault, criminal mischief, resisting arrest and disorderly conduct. Police say the officer interceded after Bishop demanded at least $5 from a woman he posed for a picture with, instead of the $1 she offered.
    A man dressed as Spider-Man was arraigned on charges he punched a police officer who told him to stop harassing tourists in Time Square. Junior Bishop, 25, faces charges of assault, criminal mischief, resisting arrest and disorderly conduct. Police say the officer interceded after Bishop demanded at least $5 from a woman he posed for a picture with, instead of the $1 she offered.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
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