In this March 14, 2013 file photo, emergency manager Kevyn Orr listens to a question during a news conference in Detroit. Gov. Rick Snyder announced that he had chosen Orr as Detroit’s emergency manager. (AP Photo/Paul Sancya) by Ed WhiteAssociated Press Writer DETROIT (AP) — Detroit’s emergency manager faced tough cross-examination Tuesday from lawyers for unions and retirees as he defended his decision to take the city into bankruptcy without first striking a deal to prevent pension cuts. It was Kevyn Orr’s third day on the witness stand during a trial to determine if Detroit’s bankruptcy case can go forward. The city must show it was broke and tried to negotiate with creditors in good faith before filing for Chapter 9 protection in July.
Tag: Government pensions and social security
Ron Kitt stands near his flower stand in front of the Federal Center South West Metro stop in Washington, Friday, Oct. 4, 2013. Kitt said…
In this 1928 file photo, Actress Joan Crawford is seen dancing the Charleston in “Our Dancing Daughters” in Hollywood, Calif. (AP Photo/File) by Paul WisemanAP Economics Writer WASHINGTON (AP) — The income gap between the richest 1 percent and the rest of America last year reached the widest point since the Roaring Twenties.
BUILDING LEGACY–In this April 11 photo, President Barack Obama is seen in the Oval Office of the White House in Washington. (AP Photo/Pablo Martinez Monsivais, File) by Liz Sidoti WASHINGTON (AP) — He wants to slash funding for the Democratic sacred cows of Social Security and Medicare. He doesn’t agree with a judge and women’s rights groups that girls of any age should have easy access to emergency contraception. He has hinted that he may disappoint environmentalists by letting the proposed Keystone XL oil pipeline be built.