The $85 million “swaps deal” is a key to Emergency Manager Kevyn Orr’s plan to restructure Detroit’s overwhelming debt.
“How are we going to be able to recruit firefighters and police officers. How are we going to be able to retain firefighters and police officers?”
Former Detroit Mayor Dave Bing blasted former treasurer Andy Dillon for “lying repeatedly” to him during conversations between the state and city.
Judge Steven Rhodes plans to hold hearings in July on Detroit’s overall plan to wrap up the largest public bankruptcy in U.S. history.
Gov. Rick Snyder came to office talking about reinventing Michigan and change has become his mantra.
A state board involved in Detroit’s financial reorganization has scheduled a meeting Tuesday to consider city leaders’ proposal for a $120 million loan.
Michigan Governor Rick Snyder and Detroit Emergency Manager Kevyn Orr were the headliners of a public forum in New York City Monday, speaking on the topic of Detroit’s financial future.
Kevyn Orr says he’s looking for buyers.
A judge said he will decide in two to three weeks whether bond insurers’ claims that the millions of dollars they are owed by Detroit should be considered secured debt during the city’s bankruptcy.
AFSCME Council 25 is reacting to the release of Kevyn Orr’s plan to dig Detroit out of debt.