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Tue March 13, 2012
What a consent agreement could mean for Detroit's financial crisis
We’ve known for awhile that Detroit’s finances are reaching a crisis point. It’s believed the city could run out of money within the next few months. News broke yesterday evening that the Snyder Administration will try to remedy the situation. Governor Snyder will lay out details of a proposed consent agreement to members of the Detroit City Council today. A consent agreement would give the city’s elected officials broad powers… similar to those of an emergency manager. Michigan Radio's Christina Shockley spoke with the station's Detroit reporter Sarah Cwiek about what a consent agreement could mean for the city.