Excerpt
MARGARET WARNER (Newshour): It was once a bustling Midwestern city alive with people, the humming heart of the auto industry. But Detroit today is just a shell of that, with widespread decay and population loss. The 2010 census showed one person moved away from the city every 22 minutes in the last decade.
WOMAN: It makes me sick. I want to leave. I wish I had somewhere else to go, because I would leave and never come back.
MARGARET WARNER: Detroit is also the poorest major city in the U.S., running big annual deficits and $14 billion dollars in debt. All of that led Michigan's Republican governor, Rick Snyder, today to declare a financial emergency and recommend the appointment of an emergency financial manager for the city, Kevyn Orr.
GOV. RICK SNYDER, R-Mich.: And if you look at the history of the city, this is a problem that's been evolving for 50-plus years. This is a problem that now has reached a true crisis point.
In many respects, it's a sad day, to say we have this day, but again I like to view it as a day of opportunity. This is an opportunity for us to work together.
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