Financial crisis in Detroit

Michigan Gov. Rick Snyder announced he will appoint an emergency financial manager for the city of Detroit during a town hall meeting at Wayne State University. The city has 10 days to appeal Snyder's decision.
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( Bill Pugliano / Getty Images )

Michigan Gov. Rick Snyder announced he will appoint an emergency financial manager for the city of Detroit during a town hall meeting at Wayne State University. The city has 10 days to appeal Snyder's decision.

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