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Detroit emergency manager: was time for tough choices

Thursday, 18 Jul 2013 | 7:00 PM ET

Detroit's mayor called the bankruptcy "difficult" but a process that could "pay off," reports CNBC's Scott Cohn. Emergency Manager Kevyn Orr offers insight. Doc Thompson of The Blaze Radio Network, Brian Wesbury of First Trust Advisors and Steve Malanga of the Manhattan Institute discuss.