Snyder testifying about Detroit bankruptcy call

Snyder testifying about Detroit bankruptcy call

Posted: Updated:
  • 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.
LANSING, Mich. (AP) -

Michigan Gov. Rick Snyder is testified under oath in a deposition about the decision to put Detroit in bankruptcy court.

The rare deposition of a governor began in private Wednesday morning in the Cabinet Room at his offices in Lansing. It could last up to three hours, though restroom breaks or time needed to speak with counsel doesn't count against the time limit.

The Republican governor's answers to questions from labor unions and other creditors could be used in a few weeks when a judge holds a trial to determine if Detroit is eligible to shed or restructure billions in debts.

Critics say Detroit's emergency manager may not have negotiated enough with creditors before the bankruptcy was filed in July. Bargaining done in good faith will be a key issue.

On Wednesday afternoon, Snyder released the following statement:

"I agreed to participate in today's proceedings and answer questions regarding the decisions that led to the municipal Chapter 9 filing for the city of Detroit. Doing so helps ensure this case is resolved fairly and as quickly as possible and that we're acting in the best interests of Detroiters and Michiganders.

"Detroit is in the midst of a fiscal crisis six decades in the making. Authorization of the Chapter 9 filing was a difficult but necessary decision - one that clearly was the last and only viable option to resolve the city's fiscal crisis and restore the greatness of this proud city. I am convinced that it will spur the turnaround and complete the comeback of our state's largest city, and ensure a vibrant, thriving Detroit and Michigan for generations to come."

  • Local NewsLocal NewsMore>>

  • Jury acquits man in Eastern Michigan football player death

    Jury acquits man in Eastern Michigan football player death

    Monday, July 28 2014 8:32 PM EDT2014-07-29 00:32:20 GMT
    A jury has acquitted a man in the robbery-slaying of Eastern Michigan University football player Demarius Reed.
    A jury has acquitted a man in the robbery-slaying of Eastern Michigan University football player Demarius Reed.
  • Dearborn man charged with torture, murder of sister

    Dearborn man charged with torture, murder of sister

    Monday, July 28 2014 8:10 PM EDT2014-07-29 00:10:00 GMT
    A Dearborn woman is dead and her own brother is behind bars charged with her murder.What happened in the 7500 block of Bingham street Saturday, still has neighbors wondering, 'why.'"I wept, I cried, it's horrible," said neighbor Virginia Leonard.A brother allegedly strangled his own sister, stabbed her several times, and eventually killing her"I'm sure it's a very horrible thing for that family," Leonard said. "Not only did the parents lose a daughter, they lost basically a son too, and it's ...
    A Dearborn woman is dead and her own brother is behind bars charged with her murder.What happened in the 7500 block of Bingham street Saturday, still has neighbors wondering, 'why.'"I wept, I cried, it's horrible," said neighbor Virginia Leonard.A brother allegedly strangled his own sister, stabbed her several times, and eventually killing her"I'm sure it's a very horrible thing for that family," Leonard said. "Not only did the parents lose a daughter, they lost basically a son too, and it's ...
  • Charges to be determined after teen dies in car crash

    Charges to be determined after teen dies in car crash

    Monday, July 28 2014 7:59 PM EDT2014-07-28 23:59:07 GMT
    Seven teenagers were on their way back from a bonfire late Friday night. A 16-year-old girl was behind the wheel of the Ford Expedition with her mom also in the car.
    Seven teenagers were on their way back from a bonfire late Friday night. A 16-year-old girl was behind the wheel of the Ford Expedition with her mom also in the car.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

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