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Detroit Emergency Manager hopes for deals soon

Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

DETROIT (WKZO) -- A deal with Detroit's creditors could be several weeks away.

Detroit Emergency Manager Kevyn Orr says he hopes to announce an agreement with some of the city's creditors within the next couple of weeks.  The Emergency Manager must reach agreements with all the city's creditors in order to avoid filing for bankruptcy.

Last Friday, Orr delivered a key report to Detroit's creditors laying out his plan to settle the city's liabilities of up to 20-billion dollars.

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