Detroit's Big Three Toss $26 Million Into Pot For 'Grand Bargain' Detroit's big three automakers announced they'll pitch in to help the "Grand Bargain" — an effort to protect city workers' pensions. But the deal could unravel if the city's retirees reject the deal.
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Detroit's Big Three Toss $26 Million Into Pot For 'Grand Bargain'

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

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

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

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  • <iframe src="https://www.npr.org/player/embed/320375663/320375664" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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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.