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Rick Snyder

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  • Detroit's elected officials regain control of city Friday, 26 Sep 2014 | 1:27 AM ET

    DETROIT— The day-to-day operations of Detroit's city government are back in the hands of its elected mayor and city council. "The city is more than ready," Orr told reporters before signing Order 42 putting the nine-member council and Mayor Mike Duggan back in charge of Detroit's finances, police department and other facets of city government.

  • 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 elected officials regain city control Thursday, 25 Sep 2014 | 5:46 PM ET

    DETROIT— The Detroit City Council on Thursday unanimously approved a plan to return oversight of daily operations to elected officials while retaining the city's state-appointed emergency manager to oversee bankruptcy matters until they are resolved.

  • Schauer, Snyder spar over student debt, Granholm Wednesday, 24 Sep 2014 | 3:08 PM ET

    EAST LANSING, Mich.— Democrat Mark Schauer on Wednesday criticized Republican Gov. Rick Snyder for a 15 percent cut in funding for public universities in 2011, saying it's a factor in students' rising debt. Jennifer Granholm's time in office was not "as bad as we think."

  • Bloomberg, Buffett at Detroit small business event Thursday, 18 Sep 2014 | 4:02 AM ET

    DETROIT— More than 60 local business owners graduated Thursday from Goldman Sachs' 10,000 Small Businesses program and were cheered on by some high-profile people— former New York City Mayor Michael Bloomberg, billionaire investor Warren Buffett, Michigan Gov. Rick Snyder and Detroit Mayor Mike Duggan.

  • 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.

  • 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.

  • Save cities or let them go bankrupt? Tuesday, 29 Oct 2013 | 8:36 AM ET
    People, mostly union and retired city workers, protest in front of the U.S. Courthouse where Detroit's bankruptcy eligibility trial began this morning October 23, 2013 in Detroit.

    Some cities may need to be pushed into bankruptcy, while others may just need a healthy dose of private-sector medicine, said TransPro Consulting CEO Mark Aesch.