Detroit's Big Three Toss $26 Million Into Pot For 'Grand Bargain'

Play associated audio

As Detroit's bankruptcy trial inches closer, groups are contributing funds to what's become known as the "Grand Bargain" — the effort to protect retired city workers' pensions and the Detroit Institute of Arts from creditors. General Motors, Ford and Chrysler just announced they will pitch in, too. But, as Michigan Radio's Tracy Samilton reports, the entire Grand Bargain could unravel if the city's retirees reject the deal.

Copyright 2014 Michigan Radio. To see more, visit http://michiganradio.org/.

NPR

Bill Cunningham, Iconic 'New York Times' Photographer, Dies At 87

Cunningham worked at the Times for almost 40 years, capturing the fashion trends of the day with a timeless eye.
NPR

With A Zap, Scientists Create Low-Fat Chocolate

Scientists say they've figured out how to reduce the fat in milk chocolate by running it through an electric field. The result is healthier, but is it tastier?
NPR

Tracing The 43-Year History Of The U.K. In The European Union

The U.K. joined the European Union in 1973, hoping to gain from the booming economies on the continent. Historian Timothy Garton Ash explains the reasons why, and how the relationship soured.
NPR

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.