Economy
3:14 pm
Mon February 18, 2013

Detroit's financial woes may lead to drastic action

In response to Detroit's ongoing financial woes, Governor Rick Snyder is expected to appoint an emergency manager.
Credit Courtesy of Patricia Drury (Wikimedia Commons)

State officials and many in southeast Michigan have been keeping a very close eye on financial reports coming out of Detroit.  Sunday's Detroit Free Press reported that an emergency financial report completed late Friday suggests an emergency manager is inevitable.  The report found the city’s deficit continues to grow even after some degree of state oversight for more than 10 months.  

Free Press reporter and columnist Nancy Kaffer joins us to explain one of the biggest, ongoing stories in Michigan.

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