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.
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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.
Severe "convective" storms account for roughly a third of global natural disaster economic losses, a new study finds.
A mid-Michigan man faces a total of 50 counts of firearm and wildlife violations over illegal deer hunting, the Michigan Department of Natural Resources says.
An overnight noise that someone believed to be a potential home invasion in Huron Township got the response of a gunshot.
Severe weather is possible across much of Michigan on Monday, with the National Weather Service issuing a series of severe thunderstorm watches.
The case of two adults and six children found dead at a home in West Michigan has been determined to be a murder-suicide, deputies said.
The White House says Trump's stop at GM's Milford Proving Ground is meant to highlight his administration's push to bring manufacturing back to the U.S.
A new travel connection begins Monday with the Gordie Howe International Bridge opening for vehicle traffic between Detroit and Windsor.
Severe weather is possible across much of Michigan on Monday, with the National Weather Service issuing a series of severe thunderstorm watches.
The case of two adults and six children found dead at a home in West Michigan has been determined to be a murder-suicide, deputies said.
Michigan officials are tracking over 1,000 new cases of cyclosporiasis as the outbreak continues to add up.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Behind every video is a true family effort.
Severe "convective" storms account for roughly a third of global natural disaster economic losses, a new study finds.
The White House says Trump's stop at GM's Milford Proving Ground is meant to highlight his administration's push to bring manufacturing back to the U.S.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Food safety experts say cuts to the public health system hobbled the response — and that the next outbreak could be much worse.
Three people were killed and four others wounded in a shooting during a food festival in Seattle, police said. A 15-year-old suspect was in custody.
Michigan officials are tracking over 1,000 new cases of cyclosporiasis as the outbreak continues to add up.
According to a CBS News poll released on Sunday, 40% of Americans are buying or eating less produce because of the outbreak of cyclospora, which causes cyclosporiasis. So, CBS News Detroit wanted to know if this sudden shift in eating habits has impacted people and restaurants in Metro Detroit.
Since May, more than 11,000 cases of illness caused by the parasite cyclospora have been reported in 41 states. This comes after the Trump administration drastically cut FDA and CDC staff, prompting one expert to call this summer's outbreaks "a national wake-up call."
A Michigan man is headed to prison for selling misbranded weight-loss drugs imported from China, federal prosecutors said.
The number of cyclosporiasis cases in Michigan has topped more than 8,000.
Michigan athletic director Warde Manuel will receive a $7.14 million lump sum as part of his separation agreement with the university.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
The Detroit Tigers were edged by the Royals 5-4 at Comerica Park on Sunday afternoon after Kansas City's Michael Massey hit a go-ahead, two-run homer with two outs in the eighth inning.
The Detroit Tigers were defeated by the Royals 3-2 on Saturday after Nick Loftin hit a tie-breaking home run in the ninth inning for Kansas City.
Tarik Skubal had a season-high 12 strikeouts and allowed one run in 7 1/3 innings in what could have been his last home start for Detroit, helping the Tigers to a 2-1 victory over the Kansas City Royals on Friday night.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
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.
As Michigan's primary season plays out, gubernatorial candidates Congressman John James, businessman Perry Johnson, and Michigan Secretary of State Jocelyn Benson appear on Michigan Matters to discuss issues in the state's open gubernatorial contest, with voters heading to the polls on Aug. 4.
A risk of severe weather threatens Southeast Michigan. NEXT Weather Meteorologist Karen Carter tells us what we could expect if severe storms hit.
The suspect, identified as 21-year-old Abdul Ballout, was killed in a confrontation with police in a suburb of Berlin, police said.
Three people were killed and four others wounded in a shooting during a food festival at the Seattle Center near the Space Needle, police said. A suspect was in custody and another was being sought, they said.
A new travel connection begins Monday with the Gordie Howe International Bridge opening for vehicle traffic between Detroit and Windsor.