Mich. Gov., Detroit Emergency Manager Discuss Bankruptcy

Aired: 7/19/2013 | 0:08:48 | Clip
Detroit's Mayor Dave Bing and emergency financial manager Kevin Orr announced they were going forward with the largest municipal bankruptcy in American history, with the city facing up to $20 billion in long-term debt. Ray Suarez talks with Orr and Michigan Gov. Rick Synder about the path forward for Detroit.