Detroit's county in financial emergency, state review team says

``Michigan's Wayne County, home to Detroit, is in a financial emergency due to chronic budget deficits and a big unfunded healthcare liability, a state-appointed review team announced on Tuesday... The review team, appointed on July 2, said the county's out-of-balance budgets over the last four years and an estimated $1.3 billion unfunded healthcare liability led to its conclusion that a financial emergency exists.''