emergency management
http://www.pbs.org/newshour/bb/nation/jan-june13/detroit_06-14.html
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Detroit to Default on $2.5 Billion Debt | PBS
www.pbs.org
The city of Detroit is facing difficult decisions in the face of billions of dollars of debt. Emergency manager Kevyn Orr laid out a last-ditch plan to 150 creditors to accept pennies on the dollar to keep the city running. Some residents are skeptical of Orr's approach.
http://www.pbs.org/newshour/bb/nation/jan-june13/detroit_06-14.html