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IPFS News Link • Economy - Economics USA

Michigan Treasurer says Detroit to run out of money by May

• Reuters

The struggling U.S. city of Detroit is on track to run out of money in May instead of April after spending changes made by city officials, Michigan Treasurer Andy Dillon said on Tuesday.

Dillon addressed media following a two-and-a-half-hour meeting with a team that is looking at Detroit's financial picture and trying to assess whether the city needs an emergency manager to take over operations. It was the first time the 10-member team met since it was appointed last month.

1 Comments in Response to

Comment by Chip Saunders
Entered on:

They should do like is done with stadiums and shit; off the naming rights to the town.

 Imagine how much FORD would pay to have the town named FORD!

 (Of course, it would be a little embarrassing if Toyota outbid them.)