Detroit Mayor Dave Bing discusses the city's financial woes on Wednesday. Mr. Bing urged municipal unions to accept wage cuts and Michigan leaders to pay the city millions stemming from a decade-old tax agreement, saying Detroit needs the money to avoid a takeover. (Associated Press)

Detroit Mayor Dave Bing discusses the city's financial woes on Wednesday. Mr. Bing urged municipal unions to accept wage cuts and Michigan leaders to pay the city millions stemming from a decade-old tax agreement, saying Detroit needs the money to avoid a takeover. (Associated Press)