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Detroit's Big Three Toss $26 Million Into Pot For 'Grand Bargain'

As Detroit's bankruptcy trial inches closer, groups are contributing funds to what's become known as the "Grand Bargain" — the effort to protect retired city workers' pensions and the Detroit Institute of Arts from creditors. General Motors, Ford and Chrysler just announced they will pitch in, too. But, as Michigan Radio's Tracy Samilton reports, the entire Grand Bargain could unravel if the city's retirees reject the deal.

Copyright 2014 Michigan Radio

Tracy Samilton covers energy and transportation, including the auto industry and the business response to climate change for Michigan Radio. She began her career at Michigan Radio as an intern, where she was promptly “bitten by the radio bug,” and never recovered.
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