Watch Michigan Governor Speak About Detroit Bankruptcy

Name: Watch Michigan Governor Speak About Detroit Bankruptcy
Uploaded: 2013-07-19T10:32:00-04:00
Description: The city of Detroit filed for Chapter 9 bankruptcy Thursday afternoon, becoming the largest American city to do so. With the city $18 billion in debt, the city's emergency financial manager, Kevyn Orr, didn't see a clear path out of the city's fis...

Jul 19, 2013 10:32 AM EDT

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The city of Detroit filed for Chapter 9 bankruptcy Thursday afternoon, becoming the largest American city to do so. With the city $18 billion in debt, the city’s emergency financial manager, Kevyn Orr, didn’t see a clear path out of the city’s fiscal hole. Gov. Rick Snyder and Orr are holding a press conference this morning to provide more details about the filing.