Detroit's Emergency Manager Meets With Creditors

Jun 14, 2013
Originally published on June 14, 2013 6:49 am

Kevyn Orr will ask unions, retirees and banks to take big losses on debt the city just can't afford to pay. But Orr is walking a fine line trying to convince those parties to accept a bankruptcy-style settlement, without actually going to bankruptcy court — at least, not yet.