Detroit to stop paying some debt, putting it in default
DETROIT (Reuters) - Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city...
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Family stunned, confused over U.S. woman’s death in Syria
FLINT, Michigan (Reuters) - The daughter of a 33-year-old Michigan woman who converted to Islam and was killed in fighting in Syria this week insisted on Friday her mother was...
Is Detroit’s art collection for sale?
As part of his efforts to solve Detroit's financial crisis, the city's emergency manager Kevyn Orr has asked for an appraisal of the collection at the Detroit Institute of Arts,...
Detroit hires fifth police chief in five years
DETROIT (Reuters) - The city of Detroit hired its fifth police chief in five years as Michigan's largest city grapples with a financial crisis, low officer morale and one of...
Detroit emergency manager says city ‘clearly insolvent’
(Reuters) - Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch,...
Detroit emergency manager eyes end to union bargaining
DETROIT (Reuters) - Detroit's emergency manager indicated for the first time that he may end collective bargaining with city employees as part of his effort to shore up the city's...
Detroit emergency manager disavows letter on union contracts
DETROIT (Reuters) - Detroit's new state-appointed emergency manager on Wednesday disavowed letters sent by the mayor's office saying that the city would stop honoring contracts with its police, fire and...
Michigan takes over Detroit in “Olympics of restructuring”
DETROIT (Reuters) - Michigan Governor Rick Snyder on Thursday announced a state takeover of Detroit's finances and appointed as manager a corporate bankruptcy expert who took a can-do attitude toward...
Chrysler bankruptcy lawyer top pick for Detroit manager
DETROIT (Reuters) - A bankruptcy expert who collected more than $1 million in fees in Chrysler's restructuring is the top candidate to take over Detroit as emergency financial manager. Kevyn...
Ex-Detroit mayor convicted of widespread corruption
DETROIT (Reuters) - Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and...