DETROIT (AP) — Four of President Barack Obama's top advisers are converging on Detroit Friday to meet privately with state and local leaders about ways the federal government can help the bankrupt city short of a bailout.
Top economic adviser Gene Sperling will join U.S. Attorney General Eric Holder, Transportation Secretary Anthony Foxx and HUD Secretary Shaun Donovan in the closed meeting in Detroit.
U.S. Sen. Carl Levin tells The Associated Press that no bailout will be offered. Instead, he says they'll outline opportunities for the city to "be creative and look at existing programs."
Levin says in July he sent to Sperling a 20-page list of possible federal funding sources that include neighborhood stabilization grants.
In July, Detroit became the largest U.S. city to file for bankruptcy.