A2: Detroit

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The Detroit Free Press reports that Michael Finney, former CEO of Ann Arbor SPARK, is a potential emergency manager for the city of Detroit. [Source] Detroit mayor David Bing has said the city could run out of money as early as February 2012. A recent report by the accounting firm Ernst & Young shows that Detroit will be in the red by roughly another $20 million by June, on top of its accumulated $200-million deficit. [Source]