Breaking News: Gov. Rick Snyder of Michigan Declares Fiscal Emergency in Detroit

Principio del fin para las ciudades de Estados Unidos.

To ensure delivery to your inbox, please add nytdirect@nytimes.com to your address book.

| BREAKING NEWS ALERT NYTimes.com | Video

BREAKING NEWS Friday, March 1, 2013 12:24 PM EST

Gov. Rick Snyder of Michigan Declares Fiscal Emergency in Detroit Gov. Rick Snyder of Michigan announced on Friday that the city of Detroit is so snarled in financial woes that the state must appoint an emergency manager to lead it out of disaster. "It's time to say we should stop going downhill," Mr. Snyder told Detroiters in a town-hall-style meeting that was broadcast live on local television stations across the city. He later added, "Today is a day to call all hands on deck." The state-appointed manager, who could be selected later this month, would ultimately wield powers aimed at swiftly turning around the municipal government's dire circumstances — powers to cut city spending, change contracts with labor unions, merge or eliminate city departments, urge the sale of city assets and even, if all else failed, to recommend bankruptcy proceedings. READ MORE » http://www.nytimes.com/2013/03/02/us/michigan-appoints-emergency-manager-for-detroit.html?emc=na

FOLLOW US: @NYTimes | Facebook

For breaking news on your mobile device, go to m.nyt.com » Access The New York Times from anywhere with our suite of apps: iPhone® | iPad® | Android | All

About This E-Mail This is an automated e-mail. Please do not reply directly to this e-mail. You received this message because you signed up for NYTimes.com's breaking news alerts. As a member of the TRUSTe privacy program, we are committed to protecting your privacy. Unsubscribe| Manage Subscriptions | Change Your E-Mail | Privacy Policy | Contact | Advertise

Copyright 2013 | The New York Times Company |NYTimes.com 620 Eighth Avenue New York, NY 10018