Cash-Strapped Detroit Suspends Payment to Vendors

The city of Detroit has begun suspending payments  to some of its vendors in order to be able to cover basic services and make payroll.   If the city is not able to resolve its budget crisis on its own, the state is likely to appoint an emergency manager to restructure the city and rescue it from bankruptcy. Moody’s has put some of the city’s municipal bonds on review for a downgrade. Quinn Klinefelter is a reporter at WDET  public radio in Detroit. He has been covering the city’s budget troubles.