Gov. Snyder to discuss Detroit finances Thursday

DETROIT (AP) - Michigan Gov. Rick Snyder is planning to discuss Detroit's financial situation on Thursday.

The governor is expected to hold an afternoon round table with the media in Detroit. Snyder's office says he isn't planning to announce if he'll appoint an emergency manager, but instead to provide an update on where things stand.

The Republican governor has less than a month to decide whether the state will take over the city's broken finances and send in someone to oversee a recovery.

On Tuesday, a review team found that Detroit was in a financial emergency and forwarded its report to the governor. Snyder says he'll carefully review the team's findings before deciding whether to appoint an emergency manager.