Michigan Gov. Rick Snyder has cleared the way for a state takeover of the city of Detroit. Snyder declared a financial emergency on Friday, pushing the city closer to becoming the largest in the U.S. to have a state control its finances. Snyder says an Emergency Manager is Detroit's best chance for navigating a fiscal emergency. He has identified a top candidate to assume its management, but would not identify the top candidate to run Detroit or say whether the person was from Michigan. Detroit officials now have 10 days to request a hearing with the governor about his decision.

http://www.foxnews.com/politics/2013/03/03/detroit-largest-us-city-targeted-for-state-takeover/#ixzz2MZYkQN8B
http://www.9news.com/news/world/320802/347/Who-will-take-on-job-of-fixing-Detroits-finances-
http://www.11alive.com/news/article/280413/40/Snyder-to-name-emergency-financial-manager-in-Detroit-has-candidate-in-mind
http://www.freep.com/apps/pbcs.dll/article?AID=2013130301048
http://wdet.org/news/story/gov-snyder-det-announcement/