City in Crisis: Running out of time

City leaders are working to fight off an emergency manager from coming to Detroit.

The deadline for a consent agreement is Monday, but Governor Rick Snyder has said the concessions from the unions are not enough to avoid a financial collapse.

Talks are underway this weekend and if an agreement is reached by Monday, votes will take place on Monday as well.

"The mayor's people are there, Andy Dillon's people are there. But it's time to get a document done so that we can bring it to the table and vote on it. Up or down, one way or the other," said Detroit city council member Gary Brown.

A court challenge to the process is moving to the state supreme court on Monday as well, over the financial review team not conducting business in open public meetings.

"If the justice and Supreme Court agree with our argument, a lot of the things they will try to do on Monday and what they're doing over the weekend may not stand up in court," said Robert Davis, who is suing to stop the state's review team.

The talks that are taking place are between three council members: President Charles Pugh, Ken Cockrel Jr. and James Tate.

"There is progress, there's negotiations on both sides," said Detroit city council member James Tate.

"They want a consent agreement so that the mayor and the council can play a role, but there has to be true oversight and teeth to make sure that the restructuring plan that's been contemplated be implemented," said Brown.

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