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Detroit Financial Emergency

Detroit's Finances Are Even Worse Than Imagined

AP | COREY WILLIAMS | Posted 05.13.2013 | Detroit

DETROIT — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money –...

Who Ya Gonna Call? Not The City

AP | COREY WILLIAMS | Posted 05.10.2013 | Detroit

DETROIT -- Detroit may be broke but it will soon have a first-rate motor pool, featuring 23 new ambulances and a fleet of 100 new police cars. Some ci...

Detroit Mayor Announces GOOD News

Posted 03.26.2013 | Detroit

Detroit Mayor Dave Bing announced new funding for EMS and the police department Monday. A group of businesses led by Roger Penske's Penske's Corpo...

Source: Snyder's Top Pick For Detroit EFM Has History With Chrysler

Reuters | Posted 05.13.2013 | Detroit

By Steve Neavling DETROIT, March 12 (Reuters) - A bankruptcy expert who collected more than $1 million in fees in Chry...

Can City Council Change Snyder's Mind?

AP | DAVID EGGERT | Posted 05.12.2013 | Detroit

LANSING, Mich. — Detroit City Council members on Tuesday made a longshot appeal of the state's declaration that the city has no adequate plan to...

How Will Detroit's Mayor Go Down In History?

AP | COREY WILLIAMS | Posted 03.08.2013 | Detroit

DETROIT -- In basketball and in business, Dave Bing never side-stepped a challenge. But the overwhelming weight of Detroit's financial problems and o...

WATCH: Dissecting Detroit's Meltdown On HuffPost Live

HuffPost Live | Posted 03.04.2013 | Detroit

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 ...

LIVE UPDATES: More On Snyder's 'Financial Emergency' Announcement

Posted 03.02.2013 | Detroit

Michigan Gov. Rick Snyder (R) will make an announcement about the future of Detroit at noon on Friday. It's widely thought that he will agree with...

State Partnership Needed to Address Detroit's Fiscal Crisis but EFM Not the Answer

Gary A. Brown | Posted 04.24.2013 | Detroit
Gary A. Brown

Without a doubt we need the support and accountability that a State of Michigan partnership offers. We cannot address our legacy obligations alone. And, as Detroit goes, so goes Michigan.

Detroit 's Future Rests On Snyder's Desk

AP | COREY WILLIAMS | Posted 04.22.2013 | Detroit

DETROIT — In less than a month, Michigan Gov. Rick Snyder will decide whether the state will take over Detroit's broken finances and send in som...

Mayor: 'I Am Not Surprised' By City's Financial Emergency

Posted 02.19.2013 | Detroit

After a review team appointed by the state of Michigan found Detroit to be in a "financial emergency," Mayor Dave Bing said he was "not surprised." ...

Detroit Has 'Financial Emergency': State Review Team

AP | COREY WILLIAMS | Posted 04.21.2013 | Detroit

DETROIT — A state-appointed review team has determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to ap...