White House Avoiding Detroit Bailout Talk

Detroit is broke, so will Washington step in to save the day?
Jay Carney

Photo: Ari Zoldan/TRNS

“This is an issue that has to be resolved between Michigan and Detroit and the creditors when it comes to the insolvency of the city,” said White House Press Secretary Jay Carney today.

Carney added, however, that top administration officials are discussing ways to advise Detroit city leaders.

“We’ll be partners in an effort to assist the city and the state.”

So, is it too early to talk about a federal bailout?

“Again,” said Carney, “I would point you to what we’ve said and what leaders in Michigan and Detroit have said, which is that on the matter of their insolvency that’s something for the city and the creditors to resolve.”

Vice President Joe Biden seemed slightly befuddled when asked the same question earlier in the day.

“Can we help Detroit?,” he replied. “We are now going through exactly in detail what the…we had a meeting yesterday just gettting a briefing on the status. The question is, uh, we dont know at this point.”

Geoff Holtzman
Geoff Holtzman is Talk Radio News Service's Deputy Bureau Chief. As one of TRNS's primary correspondents, he helps cover the White House and Capitol Hill. Geoff also covered the 2012 presidential campaign, following the candidates to Iowa, New Hampshire, South Carolina, North Carolina, Florida and elsewhere. In the process, he learned that not all Motel 6's are created equal. Follow Geoff on Twitter @Geoff_Holtzman.

No comments yet.

Leave a Reply

You must be logged in to post a comment.

The World in 2:00 – July 31, 2015

The World in 2:00

Beijing wins the 2022 Winter Olympics, Rio’s water is filthy ahead of next year’s Summer games and an Ebola vaccine is announced.

Energy Sec.: Iran Deal ‘Will Certainly Go Into Effect’

The Energy Cabinet member took to the White House press poduim in a push to roundup public support of the Iran deal

State Releases Second Batch Of Clinton Emails

Hillary Clinton holds her first town hall meeting event of the 2016 campaign in Dover, New Hampshire. July 16, 2015. Photo: Luke Vargas/TRNS

The State Department originally said it would release all of the emails at once sometime in early 2016, but was quickly rebuffed by a court order.

Charleston Shooter Pleads Not Guilty

Mourners comfort each other following the massacre late Wednesday night in Charleston, SC. (Photo courtesy of the King Center)

If convicted, Roof could face the death penalty.

Obama Signs Highway Trust Fund Extension, Scolds Congress

“It’s a bad way for the US Government to do business,” Obama said.

Poll: Seniors Back Hillary Clinton

Jeb Bush and real estate tycoon Donald Trump trail at 12 percent and 11 percent.