Koch brothers’ group fights Detroit bankruptcy aid

Billionaires Charles and David Koch appear to be set against the state of Michigan helping out the bankrupt city of Detroit.

A political group backed by the Koch brothers wants to stop the state from providing $195 million in aid. The money would be used to limit deep cuts to retirees’ pensions and avoid selling off the artwork in the city-owned museum.

If the state chapter of Americans for Prosperity (AFP) is successful, it would derail a series of deals that would allow Detroit to emerge from the nation’s largest municipal bankruptcy case later this year.

READ MORE: CNN