Detailed text transcripts for TV channel - FOXNEWS - 20130724:23:37:00
Handful of lawsuits claiming detroit still has to fulfill its pension promises because the michigan constitution says public pensions shall not be diminished. this afternoon's court ruling says all these challenges must go through one bankruptcy proceeding and one legal analyst says other cities are watching this case closely. >> believe me, this will be a national issue because there are a lot of cities around the country that are looking. cities guarantee retiree's pensions through the constitution. if you can break that in bankruptcy, oh my goodness, that's a huge decision. >> detroit says ...
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