Economics
Bankrupt Detroit Receives Less U.S. Aid Than Colombia
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President Barack Obama proposed giving Colombia about $323 million in aid next year, mostly to combat drug trafficking and violence. Detroit, with an 81 percent higher homicide rate, will get $108.2 million.
As Michigan’s largest city entered a record $18 billion municipal bankruptcy on July 18, the message from Congress and the White House was that no new money would be forthcoming.