Detroit

Jack Lew: Detroit Will Have to Deal With Creditors to Resolve Bankruptcy

Detroit Debt City

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During an interview for "This Week," U.S. Treasury Secretary Jack Lew said Detroit would have to deal with its creditors in order to resolve its recently-declared bankruptcy when he was asked about the possibility of a federal bailout for Motor City.

"Detroit's economic problems have been a long time in developing. We stand with Detroit trying to work through how it approaches these issues," Lew told ABC's George Stephanopoulos.

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