Feds Sending Bankrupt Detroit $320M Aid Package - Presented by: The Aol. On Network

Detroit is set to rake in about $320 million in federal aid just months after it became the largest city in U.S. history to declare bankruptcy. Fox News calls it a “bailout,” but the Obama administration says the funds are designed to help out the city, not rescue it completely. The aid is only a fraction of the city’s crushing $18 billion debt. Detroit already qualifies for $293 million in aid every year to begin with.



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