DETROIT (AP) — Four of President Barack Obama's top advisers will converge on Detroit Friday to meet privately with state and local leaders about ways the federal government can help the bankrupt city short of a bailout.
The White House said Thursday that top economic adviser Gene Sperling will join U.S. Attorney General Eric Holder, Transportation Secretary Anthony Foxx and HUD Secretary Shaun Donovan in the closed meeting.
"There is not going to be a bailout," Democratic U.S. Sen. Carl Levin told The Associated Press Wednesday. "We have enough problems with the federal deficit. We need to be creative and look at existing programs. There are still some funds there."
The gathering follows a series of meetings with the White House to plot ways to pull Detroit from a fiscal pit that this summer made it the largest U.S. city to file for bankruptcy protection.
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