FILE - In this July 19, 2013 file photo, Michigan Gov. Rick Snyder, right, and state-appointed emergency manager Kevyn Orr leave a news conference in Detroit after addressing the city's bankruptcy. The decision to make Detroit the largest U.S. city to file for bankruptcy protection was tough to make, but it was the right one, Snyder said Sunday, July 21, 2013, as he and Orr made the television talk show rounds. (AP Photo/Carlos Osorio, File)
Michigan Gov. Rick Snyder is very happy with a federal judge's decision to put a stop to lawsuits threatening Detroit's bankruptcy.
The Republican governor initially gave reporters in Lansing a one-word response Wednesday afternoon minutes after news broke of the ruling in Detroit.
"Good," he said. A few seconds later he called the decision "excellent."
Snyder reacted to the ruling shortly after touting a new Detroit Red Wings arena project to the state's economic development board.
The governor says a benefit of the bankruptcy process is hopefully consolidating lawsuits into one place in a "much more organized, thoughtful fashion." He says if he hadn't blessed the bankruptcy filing, creditors could have filed suits all over the U.S.