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  • CHICAGO, June 27- New Michigan laws aimed at restructuring the cash-strapped Detroit Public Schools are positive credit factors for the "junk"- rated district, Moody's Investors Service said on Monday. The $617 million bailout legislation signed into law by Governor Rick Snyder last week splits the district into two parts- a new community district charged with...

  • DETROIT, June 22- The Michigan attorney general on Wednesday sued French water company Veolia and a Texas firm for "botching" their roles in the city of Flint's drinking water crisis that exposed residents to dangerously high lead levels. Attorney General Bill Schuette said at a news conference in Flint that the civil lawsuit was filed in Genesee County Circuit...

  • DETROIT, June 22- The Michigan attorney general on Wednesday sued French water company Veolia and a Texas firm for "botching" their roles in the city of Flint's drinking water crisis that exposed residents to dangerously high lead levels. Attorney General Bill Schuette said at a news conference in Flint that the civil lawsuit was filed in Genesee County Circuit...

  • NEW YORK, May 24- Michigan Governor Rick Snyder declared a state of energy emergency on Tuesday because of ongoing problems with a major petroleum products pipeline combined with an unexpected outage at Marathon Petroleum Corp's Detroit refinery. The order was in response to an "unplanned" outage at the 106,000 barrels-per-day Detroit refinery along with...

  • NEW YORK, May 24- Michigan Governor Rick Snyder issued a state of energy emergency on Tuesday because of ongoing problems with a major product pipeline and an unexpected outage at Marathon's Detroit refinery. The order was in response to the extended outage of the West Shore Pipeline, which carries products from Milwaukee to Green Bay, Wisconsin, and has been...

  • FLINT, Mich., May 4- President Barack Obama sipped filtered water in Flint, Michigan, on Wednesday and assured angry residents that their children would be fine in the long term despite the "complete screw-up" that contaminated their drinking water with lead. Flint, with a population of about 100,000, was under control of a state-appointed emergency manager in...

  • FLINT, Mich., May 4- President Barack Obama sipped filtered water in Flint, Michigan, on Wednesday and assured parents that children over 6 years old could do the same during a visit to a city still reeling from a scandal over lead-poisoned drinking water. "The water around this table was Flint water that was filtered," Obama said during a meeting with regulators as he...

  • NEW YORK, March 31- Michigan Governor Rick Snyder has met with Wall Street credit rating agencies this week, telling them Michigan's economy is doing "very well" in the face of a lowered credit outlook, Snyder said on Thursday. "Michigan economically is doing very well." Two weeks ago, just before Michigan's most recent bond offering, Standard& Poor's Ratings Services...

  • March 11- Steven Rhodes, a former federal bankruptcy judge who is now running the Detroit Public Schools, said on Friday he is prepared to close the debt-laden district next month if the Michigan Legislature fails to throw it a financial lifeline. Rhodes was appointed by Governor Rick Snyder last month as transition manager of the state's largest public school...

  • Feb 29- The federal judge who oversaw Detroit's historic bankruptcy case will now tackle the financial problems of the city's financially struggling public schools, Michigan Governor Rick Snyder announced on Monday. Steven Rhodes, who retired from the U.S. District Court last year, will become transition manager of Detroit Public Schools while state...

  • DETROIT, Feb 24- Detroit may sue some of the consultants who worked on its historic municipal bankruptcy over a $490 million pension funding shortfall that will result in bigger-than-expected city payments starting in 2024, according to Mayor Mike Duggan. Orr, an attorney at law firm Jones Day, who was tapped by Michigan Governor Rick Snyder in 2013 to run...

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint and to keep the Detroit Public Schools from running out of cash as early as April. Flint protesters could be heard chanting during the budget presentation...

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint, and to keep the Detroit Public Schools from running out of cash as early as April. During his budget presentation before the House and Senate...

  • Michigan National Guard Staff Sergeant William Phillips of Birch Run, Michigan, helps Flint resident Amanda Roark and her son Dash take bottled water out to her vehicle after she received it at a Flint Fire Station January 13, 2016 in Flint, Michigan.

    Michigan Gov. Rick Snyder committed $28 million more to pay for filters, bottled water, school nurses, testing and monitoring.

  • Cars drive down Grand River Avenue in Detroit with the city's skyline in the background.

    A U.S. judge confirmed the Detroit plan to adjust its debt and exit the biggest-ever municipal bankruptcy on Friday.

  • Scott Walker

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

  • 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.

  • The skyline of Detroit

    Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.

  • Twenty-two U.S. governors make over $140,500 a year, and they've been investing in some impressive digs. Click ahead to take a peek at the homes of some top-paid governors.

  • There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.