Advertisement
Deadline Looms On Detroit Bankruptcy Plan
ResumeIn Detroit, 32,000 city pensioners are voting on a plan that, if approved, would cut their benefits as part of a massive budget restructuring package. The plan would allow Detroit to climb out of bankruptcy and reduce its $18 billion debt.
Voters had to mail their ballots to a consulting firm in California by 5 p.m. Eastern time today.
Here & Now's Meghna Chakrabarti talks to Sarah Cwiek, Detroit reporter for Michigan Radio, about the vote and the Detroit bankruptcy process.
Guest
- Sarah Cwiek, Detroit reporter for Michigan Radio. She tweets @sarahcwiek.
This segment aired on July 11, 2014.