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financial crisis

education = $ written on blackboard with apple, books

Pontiac School District OKs Consent Agreement, Avoids EM

The Pontiac School District is facing a roughly a $38 million deficit.

WWJ Newsradio 950–09/19/2013

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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.

WWJ Newsradio 950–08/20/2013

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Governor: Pontiac Schools In Financial Emergency

The district’s general fund deficit for the 2012 fiscal year was $37.7 million, having quadrupled since 2009.

WWJ Newsradio 950–08/15/2013

(Photo by Bill Pugliano/Getty Images)

DIA Promises Fight To Protect Art

The museum says they’ll take legal action if needed to block any potential sale of works from its collection as part of Detroit’s municipal bankruptcy filing.

WWJ Newsradio 950–08/14/2013

Judge Gerald Rosen (Press Photo)

Judge Appoints Mediator For Detroit Bankruptcy

A mediator has been appointed to help resolve issues related to Detroit’s bankruptcy filing.

WWJ Newsradio 950–08/13/2013

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Records Detail Fees For Detroit Turnaround Effort

The tab includes billing $275 an hour for a 22-year-old financial analyst who graduated from college last year.

WWJ Newsradio 950–08/13/2013

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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.

WWJ Newsradio 950–08/09/2013

Union members protest outside during the City of Detroit's bankruptcy hearing at the U.S. Courthouse July 24, 2013 in Detroit, Michigan. (Credit: Bill Pugliano/Getty Images)

Detroit Bankruptcy Another Setback For Unions

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.

WWJ Newsradio 950–07/27/2013

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Judge Holds First Hearing In Detroit Bankruptcy

A judge is expected to make a key decision, Wednesday afternoon. in the Detroit bankruptcy case.

WWJ Newsradio 950–07/24/2013

President Barack Obama. (Credit: Win McNamee/Getty Images)

Feds Showing Little Enthusiasm For Detroit Bailout

There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.

WWJ Newsradio 950–07/20/2013

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