Snyder testifying about Detroit bankruptcy call - New York News

Snyder testifying about Detroit bankruptcy call

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    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
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    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."

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    Part 1: Gun range age limits - how young is too young? Part 2: School start times - are children waking up too early? Part 3: Charlie Langton asks about school start times on the road.
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  • City of Detroit has aggressive plan for overgrown grass

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    On Detroit's east side, residents are concerned about the tall grass.In some neighborhoods children have to walk in the street because the growing grass is a growing problem.
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  • Five hospitalized in 15-car accident on M-14

    Five hospitalized in 15-car accident on M-14

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  • Mayor pushes back pre-k concerns

    Mayor pushes back pre-k concerns

    Thursday, August 28 2014 10:16 PM EDT2014-08-29 02:16:46 GMT
    Mayor Bill de Blasio, educators and city leaders gathered at p.s. 307 in Brooklyn on Thursday to talk with pride about more than 50,000 kids who have enrolled in pre-kindergarten. Universal full-day pre-k was a platform of his campaign when he ran for mayor.Schools Chancellor Carmen Farina also feels the pre-k program is ready for launch.
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  • Revel closing, but property fight goes on

    Revel closing, but property fight goes on

    Thursday, August 28 2014 9:34 PM EDT2014-08-29 01:34:07 GMT
    A casino piano tuner in Atlantic City is fighting the state's attempt to seize his late parents' house as part of a redevelopment project connected to the closing Revel Hotel Casino. Charlie Birnbaum says the house in the shadow of the failed casino was his father's livelihood. He says he is attached to the home, even though his mother was killed there in 1998.
    A casino piano tuner in Atlantic City is fighting the state's attempt to seize his late parents' house as part of a redevelopment project connected to the closing Revel Hotel Casino. Charlie Birnbaum says the house in the shadow of the failed casino was his father's livelihood. He says he is attached to the home, even though his mother was killed there in 1998.
  • 'Resting comfortably'

    Joan Rivers rushed to NYC hospital

    Joan Rivers rushed to NYC hospital

    Thursday, August 28 2014 9:22 PM EDT2014-08-29 01:22:56 GMT
    Joan Rivers was reportedly rushed to a hospital in New York City Thursday morning after she stopped breathing during a throat surgery.  The TV host and comedian was apparently undergoing the procedure in a clinic when she stopped breathing.
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