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Gov. Snyder expected to put Chrysler’s bankruptcy manager in charge of Detroit

Michigan Gov. Rick Snyder (R) is expected to announce Thursday that Kevyn Orr, a financial specialist who oversaw Chrysler’s bankruptcy, will supplant elected officials and become the de facto leader of Detroit’s government as the city’s acting emergency manager, according to The Detroit News. City officials, who face a massive outstanding…

Facing bankruptcy, Detroit mayor calls for wage cuts, corporate tax increase

DETROIT (Reuters) – Detroit Mayor Dave Bing warned on Wednesday the city could run out of cash by April and called for wage cuts for police and firefighters and a corporate tax increase to avoid the appointment of an emergency manager. Bing, who said the city was in discussions to…

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