Detroit Mayor Bing: Federal bailout ‘not yet’ planned for city

The Detroit skyline rises behind the Monument to Joe Louis, also known as "The Fist," Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection. (AP Photo/Paul Sancya)
The Detroit skyline rises behind the Monument to Joe Louis, also known as "The Fist," Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection. (AP Photo/Paul Sancya)

Detroit Mayor David Bing said Sunday that there is "not yet" a decision over a potential federal bailout for his city, which filed for bankruptcy last week.

Speaking on ABC's "This Week," Bing said he has engaged in talks with the Obama administration over potential options, but suggested both sides are still determining what the federal government can do to help.

“I’m not sure exactly what to ask for," Bing said. "I mean, money is going to help, no doubt about that. But how much? We have to have an organized plan so we know whatever we get is going to be an invested where we can maximize the return on investment.”

On Friday, Vice President Biden said the administration had not determined if and how it could help Detroit. "We don't know yet," Biden said after an immigration event, noting that administration aides were studying the matter.

Josh Hicks covers the federal government and anchors the Federal Eye blog. He reported for newspapers in the Detroit and Seattle suburbs before joining the Post as a contributor to Glenn Kessler’s Fact Checker blog in 2011.
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Matt DeLong · July 20, 2013