Gov. Snyder on Detroit's Financial Blues

7:15 PM ET Thu, 14 March 2013
Detroit faces more than $14 billion in long-term debt and persistent cash flow issues. Michigan Governor Rick Snyder and Detroit's Emergency Financial Manager Kevyn Orr, explain whether Detroit is going into bankruptcy. Steve McMahon, Purple Strategies; Jim Pethokoukis, American Enterprise Institute; and Don Luskin, Tred Macro, weigh in.