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Gov. Snyder on Detroit's Financial Blues

Thursday, 14 Mar 2013 | 7:15 PM ET

Detroit faces more than $14 billion in long-term debt and persistent cash flow issues. Michigan Governor Rick Snyder and Detroit's Emergency Financial Manager Kevyn Orr, explain whether Detroit is going into bankruptcy. Steve McMahon, Purple Strategies; Jim Pethokoukis, American Enterprise Institute; and Don Luskin, Tred Macro, weigh in.