detroit finances

Detroit Bankruptcy Judge Rejects Deal With Banks, Says It’s ‘Just Too Much Money’

Reaching an agreement is considered a key step as the city comes up with a sweeping plan to exit bankruptcy.

CBS Detroit–01/16/2014

A mural by the Grand River Creative Corridor (photo credit: Marie Osborne/WWJ)

Union Leaders Head To Washington To Hash Out Detroit Bankruptcy

While Washington has been largely silent on the largest municipal bankruptcy case in history, UAW president Bob King and others are meeting with the Obama administration today to discuss how it impacts union workers.

CBS Detroit–09/13/2013

19 States Have Laws Aimed At Helping Broke Cities

A Michigan law that allows the state to intervene when a local government faces financial distress is one of the nation’s most aggressive, according to a study released Tuesday.

WWJ Newsradio 950–07/24/2013

DETROIT, UNITED STATES:  Howdy Doody, one of America's best-loved puppets as he makes his debut at the Detroit Institute of Arts(D.IA) 06 April 2001 marking his first time on display for the public since the Howdy Doody Show went off the air in 1960. Howdy's appearance at the DIA. followed a January 2001 decision by US District Court Judge Christopher F. Droney to honor a 1967 contract between Howdy Doody puppeteer Rufus Rose and NBC.  The contract specified that Howdy Doody enter the museum's collection after Rose no longer needed the puppet.   AFP PHOTO/Jeff KOWALSKY (Photo:  JEFF KOWALSKY/AFP/Getty Images)

Kevyn Orr: Howdy Doody Not For Sale In Detroit’s Bankruptcy

“Nothing is for sale, including Howdy Doody,” Orr said during his first public comments on the bankruptcy during a Friday press conference.

CBS Detroit–07/19/2013

Detroit's Emergency Manager Kevyn Orr. (Credit: Vickie Thomas/WWJ Newsradio 950)

Will Orr Get Detroit’s Debts Lowered? Restructuring Could Make History

Hood predicted many City Hall watchers will be so caught up in watching the political wrangling they won’t notice when Orr gets history-making concessions from bond holders.

CBS Detroit–07/11/2013

Detroit City Council in session (WWJ Photo/File)

Detroit Council Approves Cuts To Mayor’s Budget

Detroit City Council voted to approve cuts to Mayor Dave Bings’ proposed $1.1 billion spending plan.

WWJ Newsradio 950–05/24/2013

A view of the back of the house from Grand River. (credit: WWJ/Mike Campbell)

Sly Kickstarter Campaign Urges Public To ‘Save Detroit’

The alleged goal is to raise $500 million to save the city, with amenities like street lights that work every night, an end to school closures, paychecks for police officers, firefighters, and sanitation workers — and the erection of a Robocop statue.

CBS Detroit–01/30/2013

Detroit classroom (WWJ Photo, File)

Report: Childhood Poverty High In Detroit, But Teen Pregnancy Down

“Another positive outcome was the decreasing rate of children testing positive for elevated blood lead levels, down more than 75 percent across all age group between 2001 and 2010,” the report found.

CBS Detroit–01/24/2013

Barack Obama (Photo by Chip Somodevilla/Getty Images)

Numbers Show Obama Didn’t Need Detroit, Consultant Says

Steve Hood said: “If all of Detroit had stayed home, Mr. Obama would have still won the state.”

CBS Sports Radio 1270–12/06/2012

Detroit City Council (WWJ Photo/Stephanie Davis, File)

Was Detroit’s Top Attorney Set Up To Go Rogue?

“In all honesty, you know, Krystal Crittendon was pretty much set up. She was told by some council people she had their support to do this,” Gary Brown said.

CBS Sports Radio 1270–06/22/2012