Despite budget surplus, no state bailout in works for Detroit, says top lawmaker | Business Information & News | Westlaw

Despite budget surplus, no state bailout in works for Detroit, says top lawmaker | Business Information & News | Westlaw

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1/16/14 REUTERS 13:19:31
REUTERS
Copyright © 2014 Thomson Reuters
January 16, 2014
Despite budget surplus, no state bailout in works for Detroit, says top lawmaker
Joseph Lichterman
DETROIT (Reuters) - Despite forecasts that Michigan will have a budget surplus, a top state legislator on Wednesday warned that Detroit should not expect a state bailout for the struggling city that has filed the largest municipal bankruptcy in U.S....
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Company: MERRILL LYNCH CAPITAL SERVICES INC; UBS AG; BARCLAYS PLC; BANK OF AMERICA CORP
News Subject: (Economics & Trade (1EC26); Economic Policy & Policymakers (1EC69); Taxation (1TA10); Public Finance (1PU60); Business Management (1BU42); Bankruptcies (1BA08); Local Taxing Authorities (1LO66); Corporate Events (1CR05))
Industry: (Accounting, Consulting & Legal Services (1AC73))
Region: (U.S. Midwest Region (1MI19); USA (1US73); North America (1NO39); Americas (1AM92); Michigan (1MI45))
Language: EN
Other Indexing: (Gerald Rosen; Randy Richardville; Steven Rhodes; Rick Snyder; Jase Bolger; Amber McCann; Ari Adler)
Keywords: bankruptcy (MCC:a); (N2:US); (N2:BKRT); (N2:BACT); (N2:AMERS); (subj:04016007); (subj:04016000); (N2:USA); (a1312cat:f); (MCCL:OVR); (MCCL:OEC)
Word Count: 381
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