Snyder testifying about Detroit bankruptcy call - New York News

Snyder testifying about Detroit bankruptcy call

Posted: Updated:
  • Detroit BankruptcyMore>>

  • 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.
LANSING, Mich. (AP) -

Michigan Gov. Rick Snyder is testified under oath in a deposition about the decision to put Detroit in bankruptcy court.

The rare deposition of a governor began in private Wednesday morning in the Cabinet Room at his offices in Lansing. It could last up to three hours, though restroom breaks or time needed to speak with counsel doesn't count against the time limit.

The Republican governor's answers to questions from labor unions and other creditors could be used in a few weeks when a judge holds a trial to determine if Detroit is eligible to shed or restructure billions in debts.

Critics say Detroit's emergency manager may not have negotiated enough with creditors before the bankruptcy was filed in July. Bargaining done in good faith will be a key issue.

On Wednesday afternoon, Snyder released the following statement:

"I agreed to participate in today's proceedings and answer questions regarding the decisions that led to the municipal Chapter 9 filing for the city of Detroit. Doing so helps ensure this case is resolved fairly and as quickly as possible and that we're acting in the best interests of Detroiters and Michiganders.

"Detroit is in the midst of a fiscal crisis six decades in the making. Authorization of the Chapter 9 filing was a difficult but necessary decision - one that clearly was the last and only viable option to resolve the city's fiscal crisis and restore the greatness of this proud city. I am convinced that it will spur the turnaround and complete the comeback of our state's largest city, and ensure a vibrant, thriving Detroit and Michigan for generations to come."

  • Local NewsLocal NewsMore>>

  • Police: 7-year-old girl shot while playing outside

    Police: 7-year-old girl shot while playing outside

    Sunday, September 14 2014 8:50 PM EDT2014-09-15 00:50:35 GMT
    Detroit Police are investigating a shooting tonight that has left a 7-year-old girl in critical condition.
    Detroit Police are investigating a shooting tonight that has left a 7-year-old girl in critical condition.
  • Deputies: Explosive device set off under camper trailer in Highland Twp.

    Deputies: Explosive device set off under camper trailer in Highland Twp.

    Sunday, September 14 2014 5:09 PM EDT2014-09-14 21:09:52 GMT
    Oakland County deputies say they're investigating an explosive device that was detonated under a camper trailer Saturday in Highland Township.
    Oakland County deputies say they're investigating an explosive device that was detonated under a camper trailer Saturday in Highland Township.
  • Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Sunday, September 14 2014 10:39 AM EDT2014-09-14 14:39:08 GMT
     We get into the race for Governor and that open U.S. Senate seat with the two most political guys in Michigan. The chairmen of the state Republican and Democratic parties join us to talk issues and probably slinging a little mud. Plus, we'll talk to someone who's bringing a branch of the Satanic Temple to Detroit. What do they really believe in? (hint: it's not worshipping the devil)
     We get into the race for Governor and that open U.S. Senate seat with the two most political guys in Michigan. The chairmen of the state Republican and Democratic parties join us to talk issues and probably slinging a little mud. Plus, we'll talk to someone who's bringing a branch of the Satanic Temple to Detroit. What do they really believe in? (hint: it's not worshipping the devil)

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Schumer proposes ban on 10 flame retardants

    Schumer proposes ban on 10 flame retardants

    Sunday, September 14 2014 9:51 PM EDT2014-09-15 01:51:05 GMT
    Gov. Andrew CuomoGov. Andrew Cuomo
    Senator Charles Schumer says a Duke University study has found flame retardants in upholstered furniture and children's products like toys, pajamas and pillows to be highly toxic. The chemicals have also been linked to developmental delays and rare cancers in firefighters as well as cancers and hormone disruption in children.
    Senator Charles Schumer says a Duke University study has found flame retardants in upholstered furniture and children's products like toys, pajamas and pillows to be highly toxic. The chemicals have also been linked to developmental delays and rare cancers in firefighters as well as cancers and hormone disruption in children.
  • Electricity goes out at Six Flags, guests left stranded

    Electricity goes out at Six Flags, guests left stranded

    Sunday, September 14 2014 6:50 PM EDT2014-09-14 22:50:36 GMT
    Six Flags Great Adventure 45th anniversary logo. (AP photo)Six Flags Great Adventure 45th anniversary logo. (AP photo)
    It wasn't the amusement park thrill they were expecting. Some people at Great Adventure in New Jersey were left stranded on rides after a power outage.
    It wasn't the amusement park thrill they were expecting. Some people at Great Adventure in New Jersey were left stranded on rides after a power outage.
  • Stranded jet skiers rescued off Staten Island

    Stranded jet skiers rescued off Staten Island

    Sunday, September 14 2014 6:43 PM EDT2014-09-14 22:43:09 GMT
    Two jet skiers stranded since Saturday night were rescued from small islands off of Staten Island Sunday morning, police sources said. The FDNY Marine division discovered the first jet skier on the West Bank Lighthouse island while patrolling the area after 8 a.m. Sunday, and took him to Staten Island University Hospital North. His friend, a man in his 40s, was also saved.
    Two jet skiers stranded since Saturday night were rescued from small islands off of Staten Island Sunday morning, police sources said. The FDNY Marine division discovered the first jet skier on the West Bank Lighthouse island while patrolling the area after 8 a.m. Sunday, and took him to Staten Island University Hospital North. His friend, a man in his 40s, was also saved.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices