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The unemployment rate is over 18% and the city never really recovered from the housing crisis. today, close to 80,000 homes have been abandoned and the median value of the ones still occupied is below $40,000. crime is also a major problem in detroit as the city's homicide rate is at historically high levels ranking among america's dangerous cities for more than 20 years. the future of detroit remains far from certain with no clear road map to how the motor city survives. the filing begins a three-month process to determine if the city even qualifies for chapter 9 protection and who would be e...

And the city never really recovered from the housing crisis. for now the future of detroit remains far from certain with no clear road map to how the motor city survives. the bankruptcy will impact the 9500 city employees and 20,000 retirees, many of whom could face cuts to pensions and other city programs. and joe, moving forward, there's so many questions in terms of what this means for detroit and our economy overall. >> no doubt about it. i want to follow up with steve ratner. you talked last hour about pengs that might have to be cut and benefits that may be a bit to generous and again, t...

Gregg: fox news is on the job hunt in philadelphia where the unemployment rate was 9 percent in january. it increased almost 2 percent in the last year alone. but the city of brotherly love is taking a unique approach to helping kids get -- people get jobs, they call it philly works growing neighborhood jobs. and the mayor actually launched the program in january. seasonal part-time workers are learning new skills and they're taking courses that will hopefully help them get full-time jobs eventually. the program is slated to last one four-months and serve more than 100 people. rick leventhal i...

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This is a massively unfair bill. simply because it cuts out programs for kids, and allows millionaires and billionaires like eric to continue keeping his money. >> greg: bob, we are talking about trifling amount of money. nothing. i said yesterday it's the olive from the pizza. you have people on the right that are mad it didn't cut enough. >> bob: it's not trifling when you talk of iner city programs of -- >> greg: you will never be happy about a cut. never happy. >> bob: i'll be happy about it. >> andrea: you can't vit both ways. you can't take credit saying that it limits the size and scope...