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

ASEAN Ministers Set to Push for South China Sea Agreements

According to documents obtained by VOA Khmer, ministers will stand up for 'freedom of navigation, unimpeded lawful maritime commerce, trade and over flight' More

Puerto Rico Defaults on $58M Debt Payment

Payment was due Saturday, default is first in country's 117 years as a United States possession More

Turkish Public Fears Jihadists More Than Kurds

Turkey facing twin threats of terrorism by Islamic State and PKK Kurdish separatists, says President Erdogan’s ruling AK Party More