Detroit emergency manager warns against bankruptcy

Associated Press
Detroit emergency manager warns against bankruptcy

Kevyn Orr, left, speaks as as Michigan Gov. Rick Snyder listens during a news conference in Detroit, Thursday, March 14, 2013. Snyder announced Thursday that he had chosen Orr, a partner in the Cleveland-based law and restructuring Jones Day firm, as Detroit's emergency manager. Snyder's already declared a financial emergency in Detroit, saying local officials lacked a plan to solve it. (AP Photo/Paul Sancya)

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