Reuters: Bankruptcy News: TAKE-A-LOOK-State review team finds Detroit's finances are dire

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TAKE-A-LOOK-State review team finds Detroit's finances are dire Feb 20th 2013, 00:48 Tweet Share this Email Print Related Topics Bonds News » Bonds » Markets » Bankruptcy » Tue Feb 19, 2013 7:48pm EST Feb 19 (Reuters) - A review team named by Michigan Governor Rick Snyder to scrutinize Detroit's finances concluded that the city faces a financial emergency and needs help to make difficult decisions. It is now up to Snyder to decide whether to declare a state takeover over the city's finances. Detroit, the state's biggest city, has been grappling with a gaping deficit amid a cratering population and declining jobs base. For stories on the review team's findings and other stories on the state of affairs in Detroit, double-click on the number in the square brackets. LATEST STORIES 2/19 Panel finds Detroit's finances dire, up to governor to act 2/19 Michigan treasurer doesn't see bankruptcy for Detroit 2/19 Nerdy CEO-turned-governor faces the Detroit challenge 2/19 Former NBA player Bing misses shot at fixing Detroit 2/18 Detroit focuses on what can be saved 2/18 Ex-Detroit mayor's corruption case in hands of jury 2/15 Detroit emergency manager, a job for a 'poor devil' FACTBOXES 2/19 A brief history of Detroit's fiscal problems 2/19 What happens to Detroit if financial emergency is declared ANALYSIS 1/28 Stuck in reverse, Detroit edges closer to bankruptcy [ID:nL1N0AUAY9} Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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