DETROIT (AP) - A top Detroit financial official says the city has enough cash in the pipeline to make it through December but says a money crunch could hit in the first quarter of 2013.
William Andrews is Detroit's program management director, a post created under a deal with Michigan to head off a state financial takeover.
He told reporters Tuesday that Detroit "will get through December." Mayor Dave Bing has warned that the city treasury could run dry soon.
Andrews says the first three months of 2013 will be critical and says the city will have to lay off some workers to save cash.
Officials say Detroit faces a shortage of up to $47 million by June 30, a figure that could grow as Detroit deals with unfunded pension obligations.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wednesday, June 19 2013 12:03 PM EDT2013-06-19 16:03:39 GMT
A judge is aiming for a late summer proceeding to meet the speedy trial rights of an Ohio man accused of kidnapping three women and holding them in his home for about a decade. Judge Michael Russo in
Judge Michael Russo in Cleveland says he's aiming for an Aug. 4 trial for 52-year-old Ariel Castro, who was arrested May 6.
Wednesday, June 19 2013 11:27 AM EDT2013-06-19 15:27:51 GMT
A woman told authorities she was held captive for more than a year by three people who forced her to do housework, raided her bank account and menaced her with snakes and pit bulls. But an attorney
A woman told authorities she was held captive for more than a year by three people who forced her to do housework, raided her bank account and menaced her with snakes and pit bulls.
Wednesday, June 19 2013 6:51 AM EDT2013-06-19 10:51:06 GMT
Three brothers from Morceni disappeared more than 2 and a half years ago. Tonight their case is getting national attention on a new John Walsh show. Alexander, Andrew and Tanner Skelton's story will
Three brothers from Morceni disappeared more than 2 and a half years ago. Now their case is getting national attention on a new John Walsh show. Alexander, Andrew and Tanner Skelton's story will be part of a new series call John Walsh Investigates. The episode airs Wednesday night at nine.
Wednesday, June 19 2013 6:39 AM EDT2013-06-19 10:39:48 GMT
EAST LANSING, Mich. (AP) - Michigan State University is proposing to charge juniors and seniors more than other undergraduate students. Trustees on Friday will consider raising tuition by 3.6 percent
Michigan State University is proposing to charge juniors and seniors more than other undergraduate students. Trustees on Friday will consider raising tuition by 3.6 percent for juniors and seniors but only 1.9 percent for freshmen and sophomores.
Wednesday, June 19 2013 10:46 AM EDT2013-06-19 14:46:06 GMT
Carroll Township Police have located 69 year old Mary Klosinski. Klosinki has dementia and has had a stroke in the past. She was missing since 1:00 a.m Tuesday, from her home in the Teal Bend condominium
Carroll Township Police have located 69 year old Mary Klosinski. Klosinki has dementia and has had a stroke in the past. She was missing since 1:00 a.m Tuesday, from her home in the Teal Bend condominium
Wednesday, June 19 2013 9:10 AM EDT2013-06-19 13:10:57 GMT
BERLIN (AP) - Trying to tamp down concerns about government over-reach, President Barack Obama on Wednesday defended U.S. Internet and phone surveillance programs as narrowly targeted efforts that have
Trying to tamp down concerns about government over-reach, President Barack Obama on Wednesday defended U.S. Internet and phone surveillance programs as narrowly targeted efforts that have saved lives and thwarted at least 50 terror threats.
Wednesday, June 19 2013 8:11 AM EDT2013-06-19 12:11:36 GMT
Toledo firefighters are on the scene of a house fire in Toledo. The fire broke out at a home on the 1100 block of Avondale just after 11:30pm Tuesday. Dispatchers tell us heavy flames are showing.
Toledo firefighters were called to the scene of a house fire in Toledo late Tuesday night. The fire broke out at a home on the 1100 block of Avondale just after 11:30pm Tuesday.
Tuesday, June 18 2013 7:55 PM EDT2013-06-18 23:55:39 GMT
Sylvania Township police are investigating the third incident of vandalism at Olander Park in the past two months. Firefighters arrived at the park Monday night to see a small building completely engulfed
Sylvania Township police are investigating the third incident of vandalism at Olander Park in the past two months.
Wednesday, June 19 2013 12:03 PM EDT2013-06-19 16:03:39 GMT
A judge is aiming for a late summer proceeding to meet the speedy trial rights of an Ohio man accused of kidnapping three women and holding them in his home for about a decade. Judge Michael Russo in
Judge Michael Russo in Cleveland says he's aiming for an Aug. 4 trial for 52-year-old Ariel Castro, who was arrested May 6.
Wednesday, June 19 2013 11:27 AM EDT2013-06-19 15:27:51 GMT
A woman told authorities she was held captive for more than a year by three people who forced her to do housework, raided her bank account and menaced her with snakes and pit bulls. But an attorney
A woman told authorities she was held captive for more than a year by three people who forced her to do housework, raided her bank account and menaced her with snakes and pit bulls.
Wednesday, June 19 2013 6:51 AM EDT2013-06-19 10:51:06 GMT
Three brothers from Morceni disappeared more than 2 and a half years ago. Tonight their case is getting national attention on a new John Walsh show. Alexander, Andrew and Tanner Skelton's story will
Three brothers from Morceni disappeared more than 2 and a half years ago. Now their case is getting national attention on a new John Walsh show. Alexander, Andrew and Tanner Skelton's story will be part of a new series call John Walsh Investigates. The episode airs Wednesday night at nine.
Wednesday, June 19 2013 6:39 AM EDT2013-06-19 10:39:48 GMT
EAST LANSING, Mich. (AP) - Michigan State University is proposing to charge juniors and seniors more than other undergraduate students. Trustees on Friday will consider raising tuition by 3.6 percent
Michigan State University is proposing to charge juniors and seniors more than other undergraduate students. Trustees on Friday will consider raising tuition by 3.6 percent for juniors and seniors but only 1.9 percent for freshmen and sophomores.
Wednesday, June 19 2013 12:35 AM EDT2013-06-19 04:35:13 GMT
BREAKING: DETROIT (AP) - Chrysler decides to go along with government request to recall 2.7 million older model Jeeps.
Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires in rear-end collisions.
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