Obama monitoring Detroit after bankruptcy filing
Fri, 19 Jul 2013 03:26:33 GMT —
The White House says it's standing by Detroit after it became the biggest city in America to file for bankruptcy.
Spokeswoman Amy Brundage says President Barack Obama and senior advisers are monitoring the situation.
Brundage adds that while Michigan leaders and the city's creditors understand their responsibility to solve
Detroit's financial problems, the White House will continue to partner with Detroit as it tries to recover and maintain its status as one of America's great cities.
Mayor Dave Bing says he didn't want the city to go bankrupt, but now that it's happened, the people of the city "have to make the best of it."
Emergency financial manager Kevyn Orr says it's business as usual in
Detroit. He says the city will stay open and bills will be paid.
Thursday's filing in federal bankruptcy court was approved by Gov. Rick Snyder. The move puts the city on an uncertain path that could lead to layoffs of city workers, the sale of city assets, higher fees and cuts in such services as trash and snow removal.