3 Governments In Mich. Pull Planned Bond Sales
The decisions come amid concern that Detroit's bankruptcy will make it more difficult for communities to borrow money.
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The decisions come amid concern that Detroit's bankruptcy will make it more difficult for communities to borrow money.
Thejudge overseeing Detroit's bankruptcy case opened Friday mornings second day of hearing by announcing that he doesn't run city hall.
If the city's gambit succeeds, it could jeopardize an important bargaining tool for unions, which often have deferred higher wages in favor of more generous pensions and health benefits.
This week on Michigan Matters, host Carol Cain invites Judge Greg Mathis to the interview set and the roundtable for a lively discussion on Detroit's bankruptcy issues. Business Executive Denise Ilitch and John Truscott of Truscott/Rossman Public Relations join in the conversation.
A judge is expected to make a key decision, Wednesday afternoon. in the Detroit bankruptcy case.
The deadline has passed for two Michigan school districts -- looking to prove to state officials that they have enough money to open their doors in September for the first day of classes.
There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.
Unfortunately for Detroit, it's not that simple.
Though Thursday's bankruptcy filing had been feared for months, the path ahead for the once mighty Motor City is still uncertain.
"I think it's despicable... and I think every Detroit resident will also find that this action is despicable," said Richard Mack, Jr., an attorney for AFSCME Council 25.
Here's a look at how the city spiraled into financial ruin and why it's in so much trouble.
Detroit became the largest U.S. city to file for bankruptcy, raising a flurry of questions about what happens next.
Detroit has filed for a Chapter 9 bankruptcy protection — the biggest municipal filing in history.
If Detroit's broke, will culture be the first thing to go?
It's expected to be a huge week in Detroit, as we expect to find out whether the city will file for bankruptcy.
Obama administration officials have been in contact with leaders in Detroit, according a spokesman.
Why is the city of Detroit, which is on the brink of bankruptcy, paying lawyers nearly $1,000 an hour?
Officials at the Masonic Temple want to make it clear that it's a theater management company that is filing for bankruptcy — not the Detroit landmark.
Last Friday, the emergency manager for Detroit laid out plans to avoid bankruptcy. And now, Pontiac's emergency manager gets his turn.
Creditors, bond holders and unions are meeting with Detroit's state-appointed emergency manager Friday to hear his plan to keep the city out of Chapter 9 bankruptcy.
Kevyn Orr made the comment at a public meeting to discuss his plans for staving off bankruptcy and reducing $15 billion in unfunded municipal obligations.
Detroit's emergency manager is hoping to avoid bankruptcy for the city by trying to settle debts with creditors for just pennies on the dollar.
At the policy conference on Mackinac Island, Detroit Mayor Dave Bing was asked about the threat of bankruptcy that looms over the city.
Electric sports car maker Fisker Automotive has laid off about 160 people at its California headquarters.
The Entertainment Book popular gift and, since 1962, a way for metro Detroiters to save some cash.
Temperatures begin a cooling trend (finally) as this weekend arrives. However, we must still contend with some storm chances each day.
Police say the shooting stemmed from a dispute involving several young adults.
Two people are in custody after a shooting left two dead and another person injured at the Fairlane Town Center in Dearborn, police said.
Rishi Sharma started his journey 10 years ago by driving around his Southern California neighborhood to record interviews with veterans and later expanded his outreach.
Hundreds of thousands of Michigan residents were without power as severe storms and strong winds rolled through the state Friday evening.
Two people are in custody after a shooting left two dead and another person injured at the Fairlane Town Center in Dearborn, police said.
Temperatures begin a cooling trend (finally) as this weekend arrives. However, we must still contend with some storm chances each day.
Police say the shooting stemmed from a dispute involving several young adults.
Hundreds of thousands of Michigan residents were without power as severe storms and strong winds rolled through the state Friday evening.
This Fourth of July holiday weekend, law enforcement in Oakland County will step up patrols on the lakes. It's part of a nationwide campaign called Operation Dry Water.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Rishi Sharma started his journey 10 years ago by driving around his Southern California neighborhood to record interviews with veterans and later expanded his outreach.
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
President Trump hasn't committed to a firm number of people who will receive clemency — he's scheduled to have a meeting on pardons Friday afternoon, sources said.
Cyclosporiasis isn't deadly, but state health officials say it can cause diarrhea, nausea, bloating and cramps.
The heat wave can even be dangerous if you don't take extra precautions to stay cool.
An investigation into cyclospora cases has expanded into seven Michigan counties, as health officials seek to determine the cause of the gastrointestinal illness.
DaVita says its Novi dialysis center will resume patient services July 2 after third-party reviews of equipment and water quality found no problems, as a state investigation into a patient death and multiple hospitalizations continues.
Officials say the source of the infection is currently unknown. The department did not say how many cases were confirmed in the county.
The Rangers matched a season high with 17 hits en route to their seventh victory in eight games.
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
Camilo Doval forced in the go-ahead run with a bases-loaded walk in a four-run 11th inning that gave the Tigers a 6-2 victory over the Yankees on Wednesday.
The 33-year-old played in Detroit during the 2024 and 2025 seasons, helping the team make back-to-back playoff appearances.
Riley Greene hit two of Detroit's four homers off Cam Schlittler as the Tigers beat the Yankees 9-3 on Tuesday night and sent New York to its season-worst sixth straight loss.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
While cleanup continues tonight, more storms are on the way overnight into Saturday morning.
Two young men were killed, and another was injured on Friday afternoon after a shooting inside Fairlane Town Center in Dearborn, Michigan, sending shoppers and employees running for safety.
Two people are in custody after a shooting left two dead and another person injured at the Fairlane Town Center in Dearborn, Michigan, Friday afternoon, police said.
Strong storms and high winds rolled through Southeast Michigan on Friday, causing significant damage.
Former NBA All-Star and Entrepreneur Jalen Rose, EMU president Brendan Kelly, DTE’s Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode featuring leaders from across the state at the Detroit Regional Chamber’s Policy Conference.