Lew quashes thoughts of Detroit bailout

|By:, SA News Editor

"Detroit’s economic problems have been a long time in developing. We stand with Detroit trying to work through how it approaches these issues… I think Detroit’s going to have to work with its creditors on this." - Treasury Secretary Jacob Lew, on ABC’s This Week

SC Sen. Lindsey Graham has tweeted against a federal bailout. And on Thursday, Texas Sen. John Cornyn filed an amendment that would ban the federal government from bailing out financially troubled cities. Meanwhile, the AFL-CIO has called for the federal government to infuse Motown with cash.

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