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  • DETROIT— Hundreds of Detroit homeowners in danger of losing their properties flocked Thursday to hearings that offered a last-ditch chance to avoid foreclosure and to keep the houses from adding to the city's already huge glut of vacant dwellings. The homeowners nearly filled a long conference room in Detroit's Cobo Center while waiting for their cases to...

  • DETROIT— The city's successful exit from the largest municipal bankruptcy in U.S. history doesn't mean Detroit's troubles are over, its former fiscal overseer told area business leaders Tuesday. Mayor Mike Duggan and the City Council have resources, but the work of moving Detroit forward continues, Kevyn Orr said at a Detroit Economic Club event.

  • State's jobless rate off 0.4 points to 6.3 percent Wednesday, 21 Jan 2015 | 2:49 PM ET

    LANSING, Mich.— Michigan's seasonally adjusted unemployment rate continued its rapid decline last month, falling 0.4 percentage points to 6.3 percent and its lowest level in 12 years, the state said Wednesday. Michigan's unemployment rate is still higher than the national average, which fell 0.2 points to 5.6 percent in December. "Michigan continued to display...

  • Snyder promotes trades training after State of the State Wednesday, 21 Jan 2015 | 12:19 PM ET

    Rick Snyder on Wednesday promoted apprenticeships in the skilled trades, saying Michigan must re-establish career technical education as a viable alternative to a four-year college degree in its bid to fill in-demand jobs. The Republican governor spent the morning after his fifth State of the State speech at a Lansing- area molding and machining...

  • The Republican governor, weeks into his second four-year term, said in his fifth State of the State address that he will issue an executive order merging the Community Health and Human Services agencies into a new Department of Health and Human Services. "The system is failing folks," he said during a joint night session of the Legislature inside the House chamber.

  • Jan 16- Michigan's general fund revenue will drop by $325 million in the current fiscal year due to triggered corporate tax breaks, state officials said on Friday. A consensus revenue estimate reached by Michigan's treasurer, budget director and heads of the House and Senate fiscal agencies projected fiscal 2015 general fund revenue at $9.5 billion, which is...

  • WASHINGTON, Jan 13- Michigan Governor Rick Snyder appointed a new emergency manager to Detroit Public Schools on Tuesday, a fresh attempt at fixing budget problems that span nearly a decade. Darnell Earley, emergency manager of the nearby town of Flint since September 2013, immediately replaced Jack Martin, who has completed his 18- month tenure of managing the...

  • Jan 12- Michigan Governor Rick Snyder on Monday signed into law legislation that would raise about $1.3 billion a year to fix the state's deteriorating roads and bridges if voters agree. The amendment would also raise the sales tax by 1 percentage point to 7 percent, providing a $300 million annual revenue boost for schools and $94 million for local governments.

  • Dec 11- Law firms and consultants reached agreements with Detroit over fees they charged the city for work on its historic bankruptcy, federal court mediators said on Thursday. As of Oct. 24, fees and expenses totaled nearly $141 million, with law firm Jones Day submitting the biggest bill, totaling $52.3 million. Detroit Mayor Mike Duggan had raised the...

  • UPDATE 1-Detroit set to exit bankruptcy on Wednesday Tuesday, 9 Dec 2014 | 4:56 PM ET

    Dec 9- Detroit's odyssey through the biggest-ever U.S. municipal bankruptcy will end on Wednesday when the city's debt adjustment plan will take effect, Michigan Governor Rick Snyder's office said on Tuesday. In a letter, Snyder accepted Detroit Emergency Manager Kevyn Orr's declaration that the city's financial emergency is over and that it was time for his...

  • Nov 19- A federal judge on Wednesday allowed a lawsuit challenging the constitutionality of Michigan's emergency manager law to move forward on grounds that it might discriminate on the basis of race. The lawsuit contended that 52 percent of Michigan's black population resides in cities with a state-appointed emergency manager or some other form of state...

  • TIMELINE-A history of Detroit's fiscal problems Friday, 7 Nov 2014 | 6:02 PM ET

    Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the largest-ever municipal bankruptcy. -Detroit's descent into fiscal insolvency can be traced back to the waning days of long-time Mayor Coleman Young's administration, when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised...

  • DETROIT, Nov 7- Detroit won U.S. Bankruptcy Court approval on Friday for a road map to end its fiscal free fall and revitalize a city sinking under a huge debt load and dysfunctional government. He acknowledged the anger the bankruptcy fueled among many Detroit residents and urged them to look forward. Once the proud symbol of U.S. industrial strength, Detroit fell...

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • DETROIT, Oct 15- Ordinary Detroit residents sounded off with passion and anger on Wednesday as they gave a federal judge their views on the city's plan to exit its historic municipal bankruptcy. Bankruptcy Judge Steven Rhodes began a hearing on Sept. 2 to determine if Detroit's plan to restructure $18 billion in debt is fair and feasible. Some residents of...

  • Bankruptcy Judge Steven Rhodes asked pointed questions on Friday about how Detroit will fare after it exits its historic bankruptcy, expressing concerns about a commission intended to oversee city finances and a settlement with Syncora Guarantee Inc.. The judge also raised concerns over how the city would monitor deadlines and requirements in a complex...

  • DETROIT, Sept 25- The Detroit City Council unanimously approved a resolution on Thursday that would keep a state-appointed emergency manager in control of the city's historic bankruptcy case, while returning city governing powers to elected officials.

  • DETROIT, Sept 9- Detroit reached a deal with three Michigan counties over regional water and sewer services that could drop the counties as objectors to the city's plan to adjust its debt and exit bankruptcy, officials announced on Tuesday.

  • DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit. Detroit city officials said Monday night's heavy rainfall was the most rain the city had seen in almost nine decades.

  • In gubernatorial races, it's the economy, 'stupid' Tuesday, 24 Jun 2014 | 4:48 PM ET
    Scott Walker

    In 36 states electing governors, it's all about the economy. Governors seeking re-election promised to turn things around. Have they?