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.
Sunday, May 19 2013 9:08 PM EDT2013-05-20 01:08:52 GMT
It's National Boating Safety Week - a good time to learn about new boating safety regulations. Macomb County Sheriff Anthony Wickersham talked with Fox 2 about what boaters need to know.
It's National Boating Safety Week - a good time to learn about new boating safety regulations. Macomb County Sheriff Anthony Wickersham talked with Fox 2 about what boaters need to know.
Sunday, May 19 2013 8:54 PM EDT2013-05-20 00:54:31 GMT
Four people were shot and injured Sunday outside a house on Lakepoint in Detroit. The shooter, in a gold truck, is still on the loose.
Four people were shot and injured Sunday outside a house on Lakepoint in Detroit. We're told a group of 10 people were drinking and partying outside the house when a gold truck rolled down the street and started firing.
Sunday, May 19 2013 1:52 PM EDT2013-05-19 17:52:35 GMT
Authorities have identified a 20-year-old man they've arrested in the firebombing of the suburban Detroit home of an heir to the Art Van Furniture business.
Authorities have identified a 20-year-old man they've arrested in the firebombing of the suburban Detroit home of an heir to the Art Van Furniture business.
Let It Rip Weekend: Doggy Insurance, Pit Bull Bans & $15 Minimum Wage
Sunday, May 19 2013 10:33 AM EDT2013-05-19 14:33:58 GMT
This time we're talking about a new requirement in Royal Oak that has some dog owners taking out $1 million insurance policies on their pooches. Plus, Waterford Township is considering repealing their
Should owners of dangerous dogs have to take out $1 million insurance policies? Are pit bull bans a good idea? Plus, should the minimum wage be raised to $15 an hour?
Sunday, May 19 2013 12:01 AM EDT2013-05-19 04:01:16 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.
Friday, May 17 2013 11:55 PM EDT2013-05-18 03:55:04 GMT
"We intend to build cars in North America for [the] North American market, build cars in Europe for the European market and build them in Asia for the Asian market," said Don Graunstadt.
"We intend to build cars in North America for [the] North American market, build cars in Europe for the European market and build them in Asia for the Asian market," said the CEO of North American Operations for the electric car company.
