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We begin tonight with breaking news. Michigan court has put the brakes on three lawsuits trying to block detroits bankruptcy filing. It is a huge loss to the big labor unions fighting fiercely against cuts in the government pension. The ruling clears way for federal bank of the judge to consider the casee that begins tomorrow. What happens next in detroit could affect cities and towns around the nation. Do they have the right to reduce the pension promises it made to unions in good time when it will default on bondholders in bad times. That simple. With us now, an expert at the conservative heritage foundation. Senior fellow, you are with us. Reporting on foxbusiness. Com. You are here, it is an interesting background yourself, you were a Goldman Sachs guy, not just prounion, before going to Goldman Sachs you are involved in helping detroit out of the last rush in bankruptcy . ....
We begin tonight with breaking news. Michigan court has put the brakes on three lawsuitsrying to block detits bankruptcy filing. It is a huge loss to the big labor unions fighting fiercely against cuts in the government pension. The ruling cles way for federal bank of the judge to consider the casee that begins tomorrow. What hapns next in detroit could affect cities and tns around the nation. Do they have the right to reduce the pension promises it made to unions in good time when it will defaulon bondholders in bad times. That simple. With us now, an expert at t conservativeeritage foundati. Senior fellow, you are with us. Reporting on foxbusiness. Com. You are here, it is an interesting background yourself, you were a Goldman Sachs guy, not just prounion, before going to Goldman Sachs you a involved in helping detroit out of the last rush in bankruptcy . In 1990 . That is ri ....