Tuesday, June 11, 2013

Even with Detroit's huge debt, Orr tells residents: Safety is a priority

The Detroit Free Press reports:
Emergency manager Kevyn Orr, in his first public hearing since he was appointed to take over the troubled city in March, sought to reassure residents that Detroit will emerge from his tenure streamlined, with less debt and a plan to keep it that way. But he was blunt Monday night about how the path out of financial calamity will be painful and may end up in bankruptcy court, even as he prepares to meet with major creditors this week in hopes of an agreement that could reduce Detroit’s staggering liabilities without a Chapter 9 municipal bankruptcy filing.
The great moments of Blue America.