Detroits emergency manager, kevin, orr wants 7 billion in debt relief and 1. 5 billion in City Services. On the current plan some retired city works could see cuts to their pensions. Everyone who works and one of our benefits. We worked hard and made plans accordingly. Within the city blueprint plan is the grand bargain. The bargain would let detroit accept 800 million over the next two decades from the state, nonprofits and donors from the Detroit Institute of art. It would help to reduce pension cuts and transfer the city art. Some dont like the bargain because the art work is worth billions and could be sold. Part of the problem is whether its pensioners or any other creditors the pot is so only big to go around. Youll see creditors potentially trying to grab whatever they can to satisfy debts owed to them. Reporter how to Fix City Services is in the recovery plan. Detroit announced a new water deal asking surrounding counties to join the great lakes water authority. The mayor of de
Detroits emergency manager, kevin, orr wants 7 billion in debt relief and 1. 5 billion in City Services. On the current plan some retired city works could see cuts to their pensions. Everyone who works and one of our benefits. We worked hard and made plans accordingly. Within the city blueprint plan is the grand bargain. The bargain would let detroit accept 800 million over the next two decades from the state, nonprofits and donors from the Detroit Institute of art. It would help to reduce pension cuts and transfer the city art. Some dont like the bargain because the art work is worth billions and could be sold. Part of the problem is whether its pensioners or any other creditors the pot is so only big to go around. Youll see creditors potentially trying to grab whatever they can to satisfy debts owed to them. Reporter how to Fix City Services is in the recovery plan. Detroit announced a new water deal asking surrounding counties to join the great lakes water authority. The mayor of de
Detroits emergency manager, kevin, orr wants 7 billion in debt relief and 1. 5 billion in City Services. On the current plan some retired city works could see cuts to their pensions. Everyone who works and one of our benefits. We worked hard and made plans accordingly. Within the city blueprint plan is the grand bargain. The bargain would let detroit accept 800 million over the next two decades from the state, nonprofits and donors from the Detroit Institute of art. It would help to reduce pension cuts and transfer the city art. Some dont like the bargain because the art work is worth billions and could be sold. Part of the problem is whether its pensioners or any other creditors the pot is so only big to go around. Youll see creditors potentially trying to grab whatever they can to satisfy debts owed to them. Reporter how to Fix City Services is in the recovery plan. Detroit announced a new water deal asking surrounding counties to join the great lakes water authority. The mayor of de
Asleep At The Wheel wants to wish Northwest Arkansas a "Merry Texas Christmas" full of fan favorites and songs from their Christmas albums. Northwest Arkansas own Cate Brothers will also perform starting at 7:30 p.m. today at The Auditorium in Eureka Springs. Tickets are are $45 to $75 plus fees. See theaud.org for more information.
we re learning a lot more about jp morgan s huge losses from their executives. peter doocy standing by with more on that and the rest of today s top stories? peter? jp morgan chase ceo jamie diamond said the bank wag sloppy leading up to a $2 billion trading loss last week. diamond said he s not sure if the bank broke any laws or violated any rules during the incident. the move hurt his bank s credit rating. a search is underway for a missing fbi agent who may be suicidal. about 100 fbi agents are among those looking for special agent stephen ivy who was last seen by his family members thursday evening. hundreds of boston university students gathered to remember three of their own who died in a crash in new zealand. new zealand police say the mini van the students were riding in drifted to the side of the road