Kevin Orr, who was appointed to oversee all Detroit’s finances in March 2013, told Reuters on Wednesday that his experience with the Motor City’s bankruptcy case has made him rethink ever becoming a politician.
Detroit filed its bankruptcy strategy in federal court Friday morning. The comprehensive plan, drafted by state-appointed emergency manager Kevyn Orr, details how the city will restructure its $18 billion debt through cuts to pensions and creditors, and emerge from the … Continue reading
Detroit’s Mayor Dave Bing and emergency financial manager Kevin Orr announced they were going forward with the largest municipal bankruptcy in American history, with the city facing up to $20 billion in long-term debt. Ray Suarez talks with Orr and Michigan Gov. Rick Synder about the path forward for Detroit. Continue reading