Wednesday, December 5 2012 1:21 PM EST2012-12-05 18:21:08 GMT
An administration official says President Barack Obama will travel to Detroit Monday to push his proposal for raising tax rates on wealthier Americans
An administration official says President Barack Obama will travel to Detroit Monday to push his proposal for raising tax rates on wealthier Americans.
Tuesday, December 4 2012 6:38 PM EST2012-12-04 23:38:16 GMT
Detroit's top money experts, the budget and finance directors, asked the city council on Tuesday to help put a bandage on a bleeding pension fund that they discovered was under funded.
Detroit's top money experts, the budget and finance directors, asked the city council on Tuesday to help put a bandage on a bleeding pension fund that they discovered was under funded. It's the latest chapter in Detroit's own fiscal cliff.
By FOX 2 News Staff
DETROIT (WJBK) -- The city of Detroit faces a major financial crisis and one member of city council thinks President Barack Obama should step in and help.
City Council member JoAnn Watson said Tuesday the citizens support of Obama in last month's election was enough reason for the president to bailout the struggling the city. (Click the video player to listen)
"Our people in an overwhelming way supported the re-election of this president and there ought to be a quid pro quo and you ought to exercise leadership on that," said Watson. "Of course, not just that, but why not?"
Nearly 75 percent of Wayne County voters pulled the lever for Obama in November.
"After the election of Jimmy Carter, the honorable Coleman Alexander Young, he went to Washington, D.C. He came home with some bacon," said Watson. "That's what you do."
Young served as Detroit's mayor for 20 years and served as vice chairman of the Democratic National Committee from 1977 to 1981.
The White House has expressed no plans to bailout the cash-crunched city that some experts say could run out of money by the end of the year.
The federal government has bailed out cities in the past, however. In 1975, President Gerald Ford extended more than $2 billion in credit to New York City to help it avoid a financial collapse.
Monday, May 20 2013 6:27 PM EDT2013-05-20 22:27:25 GMT
A SEVERE THUNDERSTORM WARNING has been issued for Livingston County until 7:30 p.m. A SEVERE THUNDERSTORM WATCH for all of Southeast Michigan except Lenawee and Monroe counties remain in effect until 8:00 p.m.
A SEVERE THUNDERSTORM WARNING has been issued for Livingston County until 7:30 p.m. A SEVERE THUNDERSTORM WATCH for all of Southeast Michigan except Lenawee and Monroe counties remain in effect until 8:00 p.m.
Monday, May 20 2013 5:51 PM EDT2013-05-20 21:51:26 GMT
A church community in Canton is reeling over the death of a young man. He was just married on Saturday and less than 24 hours later killed in a car crash on the way to the couple's honeymoon. His bride survived.
A church community in Canton is reeling over the death of a young man. He was just married on Saturday and less than 24 hours later killed in a car crash on the way to the couple's honeymoon. His bride survived.
Monday, May 20 2013 3:26 PM EDT2013-05-20 19:26:50 GMT
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
Monday, May 20 2013 11:42 AM EDT2013-05-20 15:42:57 GMT
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Monday, May 20 2013 8:24 AM EDT2013-05-20 12:24:48 GMT
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
