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Biden says no bailout for Detroit

U.S. Vice President Joe Biden speaks to reporters after meeting with House Democrats about debt relief legislation at the U.S. Capitol in Wa
U.S. Vice President Joe Biden speaks to reporters after meeting with House Democrats about debt relief legislation at the U.S. Capitol in Wa

DETROIT (WKZO) -- Vice President Joe Biden says the federal government will not provide a bailout to help Detroit exit bankruptcy.

The V.P. landed in the Motor City Wednesday and is scheduled to attend the North American International Auto Show Thursday.  When asked if the Obama administration would provide assistance to help Detroit exit Chapter 9 bankruptcy, Biden replied the city had to do it on its own.

The Vice President says Detroit has some major issues to address but it’s a great city and there’s no reason why it can’t come back.

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