04/16/14 12:30 AM
DETROIT (AP) — The Detroit pension fund that covers all retirees except former police officers and firefighters says it has reached a tentative agreement with the bankrupt city. Tina Bassett, a spokeswoman for the city's general pension fund, says retirees would see a 4.5 percent cut and...
04/14/14 04:00 PM
DETROIT (AP) — Detroit Free Press columnist Stephen Henderson has been awarded a Pulitzer Prize for his commentary on the city's financial crisis, it was announced Monday. The Pulitzers are given out each year by Columbia University in New York on the recommendation of a board of journalists...
04/11/14 05:30 PM
DETROIT (AP) — Detroit can move ahead with a plan to settle a ruinous multimillion-dollar debt with two banks for $85 million, a judge said Friday as he also urged the bankrupt city and other creditors to reach more deals. Bankruptcy Judge Steven Rhodes signed off on the agreement to pay UBS...
By Corey Williams | 04/10/14 08:27 AM
The city of Detroit reached a deal in bankruptcy over $388 million in bonds, mediators announced Wednesday, a significant agreement that could influence other creditors to try to get a settlement.
04/09/14 03:15 PM
DETROIT (AP) — Some creditors in Detroit's bankruptcy with eyes on city-owned art say they've found buyers willing to pay more than $1 billion for parts or all of the collection. The disclosure was made in a court filing Wednesday. The creditors are asking bankruptcy Judge Steven Rhodes to...
04/03/14 04:00 PM
DETROIT (AP) — The emergency manager running Detroit says he wants to see the city get out of bankruptcy by Oct. 15. Kevyn Orr's 18-month term expires in September, but he can stay unless the City Council and Mayor Mike Duggan remove him. Orr made his remark about a bankruptcy exit Thursday...
03/24/14 05:30 PM
DETROIT (AP) — A state board involved in Detroit's financial reorganization has scheduled a meeting Tuesday to consider city leaders' proposal for a $120 million loan. The announcement of the Lansing meeting Monday didn't detail the proposal, but the Detroit Free Press reports Detroit's been...
By David Crary | 03/24/14 08:44 AM
In a city scarred by broken promises, the Moore brothers, James and Robert, and fellow student Chelsea Inyard are among the lucky ones. The teenagers attend one of Detroit's most promising new public schools.
By Joel Gehrke | 04/15/14
By Byron York | 04/15/14
By Ashe Schow | 04/15/14
By David Freddoso | 04/15/14
By Ron Arnold | 04/15/14