A small group of Detroit city retirees and active employees have banded together in a long-shot bid to overturn the city's sweeping bankruptcy plan, the Detroit Free Press reported today. The Detroit Active and Retired Employees Association — a recently formed group that is trying to raise a pool of money to fund a legal challenge — appealed the confirmation of the plan of adjustment, the blueprint the city is using to slash debt. The group has a small chance of succeeding in its attempt to derail the city's plan of adjustment, which is already taking effect. U.S. District Judge Bernard Friedman was assigned to hear the appeal.
http://www.freep.com/story/news/local/detroit-bankruptcy/2015/01/08/det…
In related news, the White House is naming a new point person on Detroit to aid the Motor City after its exit from its record-setting chapter 9 bankruptcy, the Detroit News reported yesterday. Cliff Kellogg, a U.S. Treasury official who is director of the Office of State Small Business Credit Initiative, was named on Wednesday by President Barack Obama as the liaison to the city of Detroit. A person briefed on the matter said Kellogg will work closely with Office of Management and Budget director Shaun Donovan on Detroit issues.
http://www.detroitnews.com/story/news/politics/2015/01/07/obama-new-whi…