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Transcripts For ALJAZAM News 20131203

That detroit is available t bece a bankrupt city. It is 18 billion in debt but not without potentially hurting pensioners. Were in detroit, diane, the big question now is moving forward how long does this whole process take . Were likely to see a reorganization plan in a month or so. But it is likely to be met with opposition from current municipal employees. Reporter the judge gave detroit state appointed emergency manager to file bankruptcy. Outside the courts were protesters. Services, pensions will be on the chopping block, our art institutes the water. It may be the only way to breathe new life into detroit given its 18 billion debt crumbling infrastructure, and high crime rate. In his ruling the judge said, quote, this once proud city cannot pay its debts. At the same time it has an opportunity for a fresh start. I hope that everybody associated with the city will recognize that opportunity. Unquote. In a controversial decision rhodes said retiree pensions could be on the choppin

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