No deal has been reached and the Obama administration has been - TopicsExpress



          

No deal has been reached and the Obama administration has been eager to emphasize it will not provide a bailout for Detroit. But as mediators, the city and its pension funds have worked to reach a deal to help speed the city’s exit from its record-setting Chapter 9 bankruptcy, the federal government’s additional blight funding could allow the city’s emergency manager, Kevyn Orr, to redirect some of his planned blight spending toward pensions and other priorities.
Posted on: Wed, 16 Apr 2014 12:14:18 +0000

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