Michigan Gov. Rick Snyder (R) gave some clues as to what a final financial agreement between the city of Detroit and the state of Michigan might look like during a town hall event at Wayne County Community College on Wednesday. Detroit will run out of cash in May, and city and state officials are rushing to come to an agreement to right the city's finances after a state-appointed financial review team on Monday declared a "severe financial emergency." The governor has said he would like to see a formal consent agreement, which would bring some state oversight to city finances, signed by Friday.

 

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