USA

Detroit Government Retirees Struggle to Keep Benefitsi
X
April 17, 2013 9:21 PM
Detroit, the largest city in Michigan, has a $327 million dollar budget deficit, and $14 billion dollars more in long-term debt. In March, Michigan Governor Rick Snyder appointed an emergency manager to oversee Detroit’s troubled finances, making it the largest city in the U.S. under state supervision. As VOA’s Kane Farabaugh reports, some difficult decisions about the city’s expenses need to be made to avoid bankruptcy, casting doubt over the future of public employee pensions and health care plans.

Detroit Government Retirees Struggle to Keep Benefits

Published April 17, 2013

Detroit, the largest city in Michigan, has a $327 million dollar budget deficit, and $14 billion dollars more in long-term debt. In March, Michigan Governor Rick Snyder appointed an emergency manager to oversee Detroit’s troubled finances, making it the largest city in the U.S. under state supervision. As VOA’s Kane Farabaugh reports, some difficult decisions about the city’s expenses need to be made to avoid bankruptcy, casting doubt over the future of public employee pensions and health care plans.


You May Like

Video On the Scene: In Gaza, Darkness Brings Dread and Death

Palestinians fear nighttime raids, many feel abandoned by outside world, VOA's Scott Bobb reports More

African Small Farmers Could Be Key to Ending Food Insecurity

Experts say providing access to microloans, crop insurance, better storage facilities, irrigation, road systems and market information could enable greater production More

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge More