Michigan Senate panel OKs Detroit bankruptcy bills - FOX13 News, WHBQ FOX 13

Michigan Senate panel OKs Detroit bankruptcy bills

Posted: Updated:
LANSING, Mich. (AP) -- A committee in the Michigan Senate has approved spending $195 million to help shore up Detroit's pension funds, moving the legislation closer to Gov. Rick Snyder's desk.
 
The Republican-led Senate Government Operations Committee voted 5-0 Tuesday to contribute state money to join commitments from 12 foundations and the Detroit Institute of Arts toward a deal designed to end the largest public bankruptcy in U.S. history. The full Senate could vote as early as later in the afternoon.
 
The pool of money would prevent steeper cuts to retiree pensions while the city-owned art museum and its assets would be transferred to a private nonprofit and shielded from being sold in the bankruptcy case.
 
The Senate panel's vote came two weeks after the GOP-controlled House approved the bills in bipartisan votes.
  • Local NewsLocal NewsMore>>

  • Wide-reaching Nut Butter Recall

    Wide-reaching Nut Butter Recall

    Wednesday, August 20 2014 5:51 AM EDT2014-08-20 09:51:24 GMT
    Peanut and almond butters sold at Whole Foods, Trader Joe's and other grocers are being recalled because of possible salmonella contamination. A unit of Hain Celestial Group Inc. says there have been reports of four illnesses that may be related to the nut butters. They were sold under the brand names Arrowhead Mills Peanut Butters, MaraNatha Almond Butters and Peanut Butters, and private label brands for Whole Foods, Trader Joe's, Kroger and Safeway.
    Peanut and almond butters sold at Whole Foods, Trader Joe's and other grocers are being recalled because of possible salmonella contamination. A unit of Hain Celestial Group Inc. says there have been reports of four illnesses that may be related to the nut butters. They were sold under the brand names Arrowhead Mills Peanut Butters, MaraNatha Almond Butters and Peanut Butters, and private label brands for Whole Foods, Trader Joe's, Kroger and Safeway.
  • Livonia woman carjacked by young boy at knifepoint

    Livonia woman carjacked by young boy at knifepoint

    Tuesday, August 19 2014 11:32 PM EDT2014-08-20 03:32:33 GMT
    School is just around the corner and rather than brushing up on some history, one child made some of his own.
    School is just around the corner and rather than brushing up on some history, one child made some of his own.
  • Detroit residents say new LED street lights not bright enough

    Detroit residents say new LED street lights not bright enough

    Tuesday, August 19 2014 10:57 PM EDT2014-08-20 02:57:42 GMT
    Although Detroit residents are grateful for new streetlights, but they are concerned with the lack of coverage the new bulbs provide.
    Although Detroit residents are grateful for new streetlights, but they are concerned with the lack of coverage the new bulbs provide.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

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