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Treasury Secretary: No federal bailout coming for Detroit

U.S. Treasury Secretary Jack Lew testifies before a House Appropriations Subcommittee on State, Foreign Operations, and Related Programs hea
U.S. Treasury Secretary Jack Lew testifies before a House Appropriations Subcommittee on State, Foreign Operations, and Related Programs hea

WASHINGTON (WKZO) -- Detroit will not get help from the federal government for bankruptcy.  On CNN's "State of the Union" on Sunday, Treasury Secretary Jack Lew insisted Detroit will have to work out its own problems with creditors.  He added the government will continue working with the Motor City on normal federal programs, but the financial storm that led to the bankruptcy filing was a "long time in the making."

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