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Rick Snyder

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  • After Detroit, another city ponders bankruptcy Tuesday, 8 Jul 2014 | 1:51 PM ET

    Flint, which was the birthplace of General Motors and once had 200,000 residents, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment, much like its insolvent big brother an hour's drive south.

  • Deadline approaches for bankruptcy plan vote Sunday, 6 Jul 2014 | 11:03 AM ET

    DETROIT— The most anticipated vote in Detroit this summer isn't for a city office. Instead, ballots submitted by city retirees could determine how quickly Detroit exits its historic bankruptcy and how much of the financial weight pensioners will bear. Rick Snyder and Detroit emergency manager Kevyn Orr, the proposal's architect.

  • Mich. gov finishes signing $53.2 billion budget Tuesday, 1 Jul 2014 | 12:10 PM ET

    Rick Snyder on Monday finished signing a $53.2 billion state budget that commits to spending 6 percent more than this year, largely because of Michigan's new expansion of Medicaid eligibility to more low-income adults and anticipated higher tax collections in an improved economy.

  • DETROIT June 5- For Michigan Republican Governor Rick Snyder, the biggest unknown in his reelection bid this year is his backing for Detroit's bankruptcy case. In a trial scheduled for July, Detroit emergency manager Kevyn Orr must prove his plan for Detroit's bankruptcy exit is realistic.

  • June 3- The Michigan Senate on Tuesday passed a package of bills that includes state money to aid Detroit retirees, a key element in the city's plan to adjust its debt and exit the biggest municipal bankruptcy in U.S. history.

  • Detroit moves closer to bankruptcy exit Tuesday, 3 Jun 2014 | 5:06 PM ET

    The Michigan Senate on Tuesday gave final approval to legislation allocating nearly $195 million in state money for Detroit's plan to exit bankruptcy.

  • May 27- Michigan lawmakers on Tuesday voted to raise the minimum wage to $9.25 per hour by 2018, joining other U.S. states and municipalities that have considered increases in the minimum wage this year. "This is something that is good for Michigan," Snyder told a news conference. "It's good for the hard-working people of Michigan and I believe economically sound."

  • Michigan lawmakers approve minimum-wage increase Tuesday, 27 May 2014 | 7:54 PM ET

    May 27- Michigan lawmakers on Tuesday voted to raise the minimum wage to $9.25 per hour by 2018, joining other U.S. states and municipalities that have considered increases in the minimum wage this year. "This is something that is good for Michigan," Snyder told a news conference. "It's good for the hard-working people of Michigan and I believe economically sound."

  • Detroit's civilian retiree group makes pension deal Friday, 2 May 2014 | 5:51 PM ET
    People, mostly union and retired city workers, protest in front of the U.S. Courthouse, October 23, 2013, Detroit, Michigan.

    The group representing the largest block of Detroit's retired workers on Friday agreed to accept the city's proposed cuts to their pension benefits.

  • April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principle with the city over pensions and healthcare, potentially giving the city a key ally.

  • April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principle with the city over pensions and healthcare.

  • CHICAGO, April 23- Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.

  • DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.

  • NEW YORK, April 10- Detroit's emergency manager Kevyn Orr had political ambitions- once. When Orr began his career in the 1980 s as a trial attorney in the rough-and-tumble world of Florida's Miami-Dade County, he thought he might one day run for public office, he told Reuters in an interview on Wednesday.

  • WASHINGTON, April 9- Detroit on Wednesday struck a deal with a core group of creditors that could ease concerns about the treatment of certain bonds in its landmark bankruptcy case and pave the way for compromises with other creditors.

  • NEW YORK, March 24- Detroit's emergency manager expects the city's $18 billion bankruptcy plan to win court approval by the fall despite obstacles such as a dispute over swap agreements and a vote by retirees on the plan that could potentially slow or derail the process.

  • In a filing in U.S. Bankruptcy Court, Syncora Guarantee Inc warned that lawsuits will be filed over the Detroit Institute of Arts' collection, which the city is not selling at this point to help pay its $18 billion in debt.

  • Feb 24- Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said on Monday. "Fitch considers Detroit's plan of adjustment to be hostile to GO bondholders," the rating agency said in a statement.

  • Feb 21- Detroit's blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, setting the stage for a new round of negotiations and court challenges.

  • Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.