Michigan Gov. Puts Detroit Under Emergency Fiscal Management

Aired: 3/14/2013 | 0:10:24 | Clip
Michigan's Gov. Rick Snyder announced an emergency financial manager will take over Detroit's finances. The city has faced economic struggles as residents and businesses left for suburbs and it saw reductions in state aid. Margaret Warner talks to Gov. Snyder and Detroit's new financial manager, Kevyn Orr, about the plan.