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financial crisis

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Detroit EM Orders Investigation Into Pension Funds

Kevyn Orr has ordered a fraud and corruption investigation into the police and fire pension fund and general employee pension fund.

WWJ Newsradio 950–06/20/2013

Detroit's Emergency Manager Kevyn Orr (Credit: Bill Pugliano/Getty Images)

Detroit EM Team Discusses Reduced Pension Payouts With Unions

Emergency Manager Kevyn Orr is reportedly prepared to take Detroit into federal bankruptcy court if the city’s 30,000 employees and retirees refuse the reduced payouts.

WWJ Newsradio 950–06/20/2013

36th District Court (WWJ Photo/Beth Fisher)

Layoffs Proposed At Troubled Detroit Court

Trimming the budget at 36th District Court in Detroit could cost 80 workers their jobs.

WWJ Newsradio 950–06/20/2013

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Hamtramck Asks Governor To Send Emergency Manager

The City Council voted in favor of an emergency manager last week after Gov. Snyder declared a financial emergency. It will be Hamtramck’s second manager since 2001.

WWJ Newsradio 950–06/19/2013

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Detroit’s Emergency Manager To Meet With Creditors

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.

WWJ Newsradio 950–06/14/2013

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Snyder To Appoint Team To Review Pontiac Schools

Gov. Rick Snyder will appoint a team to review the finances of the Pontiac Public Schools.

WWJ Newsradio 950–06/08/2013

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Report: Detroit EM To Offer Creditors Pennies On The Dollar

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.

WWJ Newsradio 950–06/07/2013

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

Kevyn Orr: Detroit Is In Worse Shape Than I Thought

Detroit’s emergency manager says the city is bleeding much more red ink than originally thought.

WWJ Newsradio 950–05/08/2013

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State Tax Commission May Launch Detroit Probe

The State Tax Commission may launch an investigation into complaints that Detroit is overtaxing property owners through inflated assessments.

WWJ Newsradio 950–04/03/2013

Detroit Mayor Dave Bing (Bill Pugliano/Getty Images-File)

Dave Bing’s Legacy Clouded By Emergency Manager Threat

The 69-year-old mayor has been swept up in the vortex of despair that has come to symbolize much of Detroit during the past few years. To some, the city’s failings represent Bing’s failure in his third career choice.

WWJ Newsradio 950–03/10/2013

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