Michigan Governor Calls Detroit's Bankruptcy Filing a Step Toward a "Positive Path" - Presented by: The Aol. On Network

Calling it the "opportunity to stop 60 years of decline," Michigan Governor Rick Snyder told a news conference Friday that Detroit's bankruptcy filing would put the beleaguered city on a "positive path." Detroit filed the largest municipal bankruptcy in U.S. history Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the city that was the cradle of the American auto industry.



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