Detroit emergency manager prepares first report
Emergency Manager Kevyn Orr's 1st analysis is due Monday, May 13th
The next major development in the city of Detroit's financial crisis comes Monday when Kevyn Orr issues his first report as emergency manager.
The report, required 45 days into Orr's tenure, is expected to spell out how serious the city's financial problems are, and which areas demand attention first.
Analysts expect Orr to call for dramatic re-structuring of city government, re-negotiating of pension and retiree health care obligations.