Pensioners will face negotiations as Detroit starts road to financial recovery…

Mich. Gov. Snyder testifies under oath that Detroit bankruptcy was last resort…

Painful Options Ahead: Detroit Defaults on Billion-Dollar Debt…

Michigan's Gov. Rick Snyder announced an emergency financial manager will take over Detroit's finances. The city has faced economic struggles as residents and businesses left for suburbs and it saw reductions in state aid. Margaret Warner talks to Gov. Snyder…