What can Detroit learn from New York City, Vallejo, CA and other cities around the country that have faced bankruptcy? Municipal finance experts from ...
Detroit Emergency Manager Kevyn Orr has a restructuring plan that he says will keep the troubled city from landing in bankruptcy court. While bondhold...
June 14 (Reuters) - Credit rating agency Fitch said it would consider Detroit to be in default if it stops making payments on certain obligations as...
By Bernie Woodall and Steve Neavling DETROIT, June 14 (Reuters) - Detroit said on Friday it would stop making payments...
DETROIT, June 14 (Reuters) - Detroit's creditors will begin to learn on Friday morning what they can recover without driving the fin...
June 13 (Reuters) - Moody's Investors Service on Thursday pushed the credit ratings on nearly $8.4 billion of Detroit bonds deeper i...
DETROIT, June 10 (Reuters) - In his first public meeting, Detroit Emergency Manager Kevyn Orr said On Monday the city has a 50/50 chance of filing f...
By Steve Neavling DETROIT, June 7 (Reuters) - Detroit Emergency Manager Kevyn Orr plans to deliver grim news to the city's creditors n...
Most say Detroit is done for, finished. But I just can't reconcile that attitude with what I think is plain to see: Detroit is the best investment opportunity since some numbskull bought Alaska for $7 million.
Local foundation and arts leaders are mobilizing to fight a possible sale of part of the Detroit Institute of Arts' collection -- an idea that is on t...
By Bernie Woodall and Karen Pierog DETROIT, May 19 (Reuters) - Bond restructurings, negotiated settlements with bondholders and bond i...
DETROIT — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money –...
By Tom Hals May 8 (Reuters) - In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, in...
Michigan Gov. Rick Snyder is on the hunt for an emergency manager to turn around Detroit's financial crisis after declaring the city in a state of fin...
On Friday, Gov. Rick Snyder (R) declared that the city of Detroit is in a state of "financial emergency." He will most likely appoint an emergency ...
DETROIT — A state-appointed review team has determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to ap...
(Corrects identity of Jase Bolger's spokesman to Ari Adler from Virgil Smith in 18th paragraph) By Steve Neavling and Tom Hals ...
-- If Michigan Gov. Rick Snyder concludes that Detroit cannot fix its own financial problems, the city would become the sixth in the state to get an ...
DETROIT -- A review team scrutinizing Detroit's poor finances could make a recommendation this week that will help determine whether there's a state t...
Detroit's latest annual audit pegs the city's accumulated general-fund deficit at nearly $327 million, underscoring the depth of the city's fiscal cri...
Mayor Dave Bing says he wants to go after companies that owe possibly tens of millions in unpaid taxes to the City of Detroit, but he may want to look...
Mayor Dave Bing's administration today laid out what it called a fair but aggressive plan to raise $50 million in badly needed revenue through collect...
DETROIT -- Michigan Gov. Rick Snyder appointed six people Tuesday to conduct a 60-day review of Detroit's municipal finances and decide if the state s...
DETROIT -- A preliminary review of Detroit's finances has determined that the city is not on target to fulfill promises to the state that allowed the ...
Sure, Detroit officials might be struggling to balance the city's books in a bid to avoid an emergency financial manager. But that hasn't stopped thos...
