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Detroit Bankruptcy Trial Begins
ResumeThe trial to determine whether Detroit is eligible for bankruptcy begins today. Many of the city's creditors oppose the bankruptcy, while others argue that there's no other option.
In March, Kevyn Orr was appointed emergency manager and took control of the city's finances, but the Detroit still holds close to 18 billion dollars in long-term debt.
Guest
- Quinn Klinefelter, senior news editor for WDET in Detroit. He tweets @QKlinefelter.
This segment aired on October 23, 2013.