WATCH LIVE: Gov. Snyder And Orr Press Conference On Detroit's Bankruptcy

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    Michigan Gov. Rick Snyder and emergency manager Kevyn Orr are scheduled  to speak at a joint press conference at 10 a.m. Friday in Detroit to discuss the filing.

    Snyder said bankruptcy is the only way for the city to emerge from its crippling $18 billion debt.

    “The simple fact is Detroit is in a financial crisis. The city is insolvent and has been borrowing money to pay its bills for nearly a decade. Bankruptcy is the only feasible option to fix the city’s financeshttp://ionemichiganchronicle.files.wordpress.com/2013/07/lb_icon1.png” > and do what is right for the 700,000 people of Detroit,” Snyder said.

    Watch the press conference LIVE:

     

    http://cdn.livestream.com/embed/cityofdetroit_live?layout=0&autoPlay=false&width=624&height=366

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