WGAN NewsRick Snyder, Michigan Gov., Declares Detroit Financial Emergency ExistsHuffington PostHis statement holds up a state review team's findings of a severe financial emergency in the city, pointing to more than $14 billion in long-term liabilities, including underfunded pensions. The city is also poised to end the fiscal year more than $100 million in ...Snyder to appoint emergency financial manager for DetroitDetroit Free PressMich.