Detroit Financial Crisis

State Money Will Be Withheld In Case City Take-Over NecessaryThe board endorsed state Treasurer Andy Dillon's move to begin a 30-day review of the need for an emergency financial manager.
Layoff Of Almost 500 City Employees Expected In New YearDetroit is making plans to lay-off 400 to 500 city employees in the new year.
Detroit City Council Members React To Bing's Fiscal PlanMayor Bing's plans to solve Detroit's financial crisis are drawing a cautious reaction from several members of the city council.