Creditors File Objections To Detroit Bankruptcy
The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection.
Watch CBS News
The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection.
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.
Regular runs $4.47, $4.69 and $4.99 at the Harper Avenue corner. Statewide, AAA has Michigan at $4.92 a gallon — 30 cents under the June 2022 record of $5.22.
The woman, who police said was in her 30s, was stabbed multiple times, then ran to a nearby business and collapsed outside. She was taken to a hospital, where she died.
A failure at the T.B. Simon Power Plant cut power to the East Lansing campus. Most buildings have power back, but steam and hot water service is still affected.
Arnoldo Jose Marquez-Pulido, 33, pleaded guilty in May to assaulting a federal officer and pulling a service pistol from its holster during an arrest at a Utica business. Two agents needed hospital treatment.
U.S. Customs and Border Protection agriculture specialists intercepted a first-in-nation batch of potentially destructive giant scale insects at Detroit Metro Airport.
The woman, who police said was in her 30s, was stabbed multiple times, then ran to a nearby business and collapsed outside. She was taken to a hospital, where she died.
Regular runs $4.47, $4.69 and $4.99 at the Harper Avenue corner. Statewide, AAA has Michigan at $4.92 a gallon — 30 cents under the June 2022 record of $5.22.
A man was shot and killed, and a second man was wounded and is in custody after a domestic-related confrontation Saturday night in Pontiac, the sheriff said.
A failure at the T.B. Simon Power Plant cut power to the East Lansing campus. Most buildings have power back, but steam and hot water service is still affected.
Arnoldo Jose Marquez-Pulido, 33, pleaded guilty in May to assaulting a federal officer and pulling a service pistol from its holster during an arrest at a Utica business. Two agents needed hospital treatment.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
If you're looking for sunshine in Metro Detroit, Friday is the day to seek it out.
Stevie Wonder's shows at the Fox Theatre sold out, with some tickets listed for thousands of dollars. That's raising questions about what Michigan's "Taylor Swift" ticket law actually protects fans from.
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
Regular runs $4.47, $4.69 and $4.99 at the Harper Avenue corner. Statewide, AAA has Michigan at $4.92 a gallon — 30 cents under the June 2022 record of $5.22.
U.S. Customs and Border Protection agriculture specialists intercepted a first-in-nation batch of potentially destructive giant scale insects at Detroit Metro Airport.
Republicans are trying to win an open Senate seat race in Michigan, and nominee Mike Rogers is stepping up his appeals to some Democrats.
In 2019, Bunch became both the first historian and the first African American to serve as Secretary of the Smithsonian Institution. As he prepares to retire, he talks about the museums' mission to protect history, and give America a full picture of itself.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Thursday marks one year since Michigan Medicine ended gender-affirming care for young patients
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
CJ Carr threw for 234 yards and ran for a touchdown, Nolan James Jr. rushed for 121 yards and a score, and No. 3 Notre Dame took control in the second half to beat Michigan State 27-10.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Bryce Underwood threw two touchdown passes and Savion Hiter had two rushing scores to help No. 19 Michigan pull away and beat UTEP 52-17.
Chicago dropped into second in the AL Central after it blew a six-run lead in an 11-8 loss to Detroit on Friday night.
The Detroit Pistons and Ausar Thompson have reached an agreement on a five-year contract extension worth $155 million, according to a person familiar with the situation.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
A man was shot and killed, and a second man was wounded and is in custody after a domestic-related confrontation Saturday night in Pontiac, the sheriff said.
A woman was stabbed to death in an alley in downtown Detroit Sunday afternoon while she was on a break from her job at a nearby business, police said.
Showers hang on into the evening before moving out, leaving clouds through Monday morning and highs in the low 60s. Astronomical fall begins Tuesday evening, just after sunset.
Michigan's average gas price has climbed to $4.92 per gallon — well above the national average of $4.47 — and analysts say prices may keep rising.