State Of Emergency: Cities In Financial Crisis

Guests

Jerome Vaughn, news director, WDET
Michael Pagano, dean of the University of Illinois Chicago College of Urban Planning and Public Affairs
Bob Deis, city manager of Stockton, California

With at least $14 billion in long-term liabilities and $327 million in debt, Detroit has declared a financial emergency. Several cities have tried this approach before, and the results have been mixed.

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