Behind Detroit’s ‘grand bargain’ to emerge from bankruptcy
Clip: 11/7/2014 | 6m 42s
A federal judge approved a plan to drop Detroit’s $7 billion in debt.
Nearly 16 months after Detroit filed the largest municipal bankruptcy in the country’s history, a federal judge approved a plan to drop the city’s $7 billion in debt and invest over $1 billion in public services. Hari Sreenivasan speaks with Darren Walker of the Ford Foundation, the organization that donated $125 million to a crucial part of Detroit’s survival plan.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
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Behind Detroit’s ‘grand bargain’ to emerge from bankruptcy
Clip: 11/7/2014 | 6m 42s
Nearly 16 months after Detroit filed the largest municipal bankruptcy in the country’s history, a federal judge approved a plan to drop the city’s $7 billion in debt and invest over $1 billion in public services. Hari Sreenivasan speaks with Darren Walker of the Ford Foundation, the organization that donated $125 million to a crucial part of Detroit’s survival plan.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...