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FEB 19, 2013 - Yahoo! News

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Detroit emergency manager needed but not bankruptcy: Michigan Treasurer

DETROIT (Reuters) - Michigan Treasurer Andy Dillon said on Tuesday that he does not anticipate a municipal bankruptcy filing for Detroit, despite its financial emergency. "I do think we can navigate around this (a bankruptcy filing)," said Dillon. Speaking at a news conference to announce the findings of a Detroit review team report, Dillon said the team believes the city needs an emergency financial manager to spearhead necessary reforms. He added that it will be up to Republican Governor Rick Snyder to decide if a manager is right for Detroit. ...

Tags: Detroit emergency manager needed but not bankruptcy: Michigan Treasurer,  Michigan Latest News