A Closer Look at Detroit's Debt Crisis

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  • Kevyn Orr
  • Detroit
  • Detroit
  • Kevin Orr, Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit

An Uncertain Future

Detroit is in the midst of a wholesale financial shakeup, with the city’s new emergency financial manager, Kevyn Orr, considering strategies for reducing the city's mountainous debt. He recently told creditors to accept pennies on the dollar while offering other ideas for Detroit’s finances. Keep reading for a look at some of the major highlights and analysis from Orr's report.Jonathan P. Hicks and Britt Middleton

(Photo: Bill Pugliano/Getty Images)