Michigan Gov. Rick Snyder says he's not expecting the federal government to offer a bailout for bankrupt Detroit and doesn't think it would be a good idea anyway.
Speaking on CBS' Face the Nation on Sunday, Snyder said of a Washington bailout of the Motor City: "I don't expect one."
Originally published on Sat July 20, 2013 2:48 pm
Few Detroiters think the largest municipal bankruptcy in U.S. history is great news.
But plenty see it as an opportunity. Many Detroit business owners hope the bankruptcy will mean more stability and certainty, in a city that has had little of either in recent years.
Sandy Baruah, head of the Detroit Regional Chamber, says the bankruptcy filing did not come as a surprise to him, nor should it surprise anybody else.
Originally published on Fri July 19, 2013 2:57 pm
A circuit court judge has ruled that Detroit's bankruptcy filing violates the state's constitution and laws, and must be withdrawn; Michigan's attorney general has already appealed the decision.
Judge Rosemarie Aquilina made the ruling on Friday, a day after the city became the largest municipality in history to declare bankruptcy under federal Chapter 9 rules.
Originally published on Fri July 19, 2013 10:59 am
With its bankruptcy filing Thursday, Detroit became the largest municipality in the United States to seek Chapter 9 protection.
As Scott reported, the city is saddled with $18.5 billion in debt.
Today, we ask, what happens next?
Originally published on Fri July 19, 2013 4:38 am
RENEE MONTAGNE, HOST:
Let's hear, now, from someone else who has been thinking about the issues brought up by the Trayvon Martin-George Zimmerman case.
DAVID GREENE, HOST:
He's Joe Crachiola, and his thoughts went to a photograph that he took exactly 40 years ago.
MONTAGNE: It shows a small group of black and white children stopping their play to throw their arms around each other on what looks like a hot city street in a suburb of Detroit.