News

Detroit Officials Say City Faces Cash Crisis

December 5, 2012 ---------------- Detroit officials now say the city will NOT run out of cash this month --or next. But they add that the city’s overall financial picture is worse than previously estimated. WDET’s Quinn Klinefelter was at meetings with the Detroit City Council and Bing Administration officials where the looming shortfalls were addressed. WDET’s Travis Wright asked him just where the city’s finances stand right now…