Detroit unions hear Orr's debt restructuring plans - myfoxcarolinas.com

Detroit unions hear Orr's debt restructuring plans

Posted: Updated:
  • Detroit unions hear Orr's debt restructuring plansMore>>

  • Let It Rip: Detroit EM's plan for city pension funds

    Let It Rip: Detroit EM's plan for city pension funds

    Thursday, June 20 2013 11:45 PM EDT2013-06-21 03:45:00 GMT
    Kevyn Orr has unveiled a plan that would dramatically change the pensions for city retirees and is starting with an investigation. DPOA President Mark Diaz, political consultant Greg Bowens and Alexis Wiley discuss.
    Kevyn Orr has unveiled a plan that would dramatically change the pensions for city retirees and is starting with an investigation. DPOA President Mark Diaz, political consultant Greg Bowens and Alexis Wiley discuss.
  • Detroit BankruptcyMore>>

  • Schuette endorses Detroit art deal in bankruptcy

    Schuette endorses Detroit art deal in bankruptcy

    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.
DETROIT (AP) -

Union leaders are meeting with members of Detroit emergency manager Kevyn Orr's team to hear plans to cut into health care benefits and pensions as part of city debt restructuring.

The Thursday meeting at City Hall follows a session Orr held last week where he asked Detroit's creditors and debt holders for deep concessions.

Orr has warned that without millions of dollars in concessions on bond and pension debt the city risks going into municipal bankruptcy.

Orr is a bankruptcy expert, and Michigan hired him in March to fix Detroit's finances. The city's budget deficit is approaching $380 million. Orr has said long-term debt could top $17 billion.

He also issued an order Thursday for an investigation into possible waste, fraud and corruption in the city's employee benefit programs.

  • Local NewsLocal NewsMore>>

  • Twitter tussle erupts after Price traded from Tampa Bay to Detroit

    Twitter tussle erupts after Price traded from Tampa Bay to Detroit

    Thursday, July 31 2014 7:31 PM EDT2014-07-31 23:31:19 GMT
    A friendly scuffle broke out on Twitter after the news Tampa Bay Rays pitcher David Price was traded to Detroit.
    A friendly scuffle broke out on Twitter after the news Tampa Bay Rays pitcher David Price was traded to Detroit.
  • Dearborn man bound for trial for fatal soccer referee punch

    Dearborn man bound for trial for fatal soccer referee punch

    Thursday, July 31 2014 7:14 PM EDT2014-07-31 23:14:05 GMT
    A Dearborn man will see a trial for second degree murder, accused of killing a soccer referee with one punch.Baseel Abdul-Amir Saad was bound over for trial in the death of John Bienewicz in 16th District Court today.Saad was ejected from an adult soccer game in Livonia -- when witnesses say he turned around and punched Bienewicz in the face June 29 .A Wayne County medical examiner testified that Bienewicz lost consciousness before he hit the ground.The defense said that it was a competitive ...
    A Dearborn man will see a trial for second degree murder, accused of killing a soccer referee with one punch.Baseel Abdul-Amir Saad was bound over for trial in the death of John Bienewicz in 16th District Court today.Saad was ejected from an adult soccer game in Livonia -- when witnesses say he turned around and punched Bienewicz in the face June 29 .A Wayne County medical examiner testified that Bienewicz lost consciousness before he hit the ground.The defense said that it was a competitive ...
  • Testimony: Renisha McBride pounded on homeowner's door before being fatally shot

    Testimony: Renisha McBride pounded on homeowner's door before being fatally shot

    Thursday, July 31 2014 6:15 PM EDT2014-07-31 22:15:47 GMT
    DETROIT (AP) -- A former medical examiner sparred with a prosecutor Thursday over a wound on the hand of a woman who was fatally shot on a Detroit-area porch, telling jurors it seems to fit the defense's claim that Renisha McBride was pounding on the homeowner's doors before she was killed.Dr. Werner Spitz, a forensic pathologist, said photos of McBride's body show a "small superficial laceration" on her left hand. It "could have come from pounding on something," Spitz said.The testimony was ...
    DETROIT (AP) -- A former medical examiner sparred with a prosecutor Thursday over a wound on the hand of a woman who was fatally shot on a Detroit-area porch, telling jurors it seems to fit the defense's claim that Renisha McBride was pounding on the homeowner's doors before she was killed.Dr. Werner Spitz, a forensic pathologist, said photos of McBride's body show a "small superficial laceration" on her left hand. It "could have come from pounding on something," Spitz said.The testimony was ...
Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices