kevyn orr, emergency manager, is yet to talk to them. who stands to lose the most.he city or citizens. jared ellias is a fellow at stamford law school and joins us. it seems the folks are owed a debt by the city, one that might change their lives, yet it's a possibility they'll get 20% of what they owe. how can it be? shouldn't the city want to pay it back? >> you only end up in bankruptcy if you can't pay the debt to everywhere. seems like these people will get the worst deal of anyone. >> because they are the little man on the totem pole? >> yes. >> seems like it's a substantial amount to them. >> that's right. substantial amount to them. i think you mentioned a civil rights verdict of $5 million. in terms of the size of the city owing billions, they are not someone who matters very much. >> so in that case, if that's the case, wouldn't the emergency manager have the latitude to pay off all the debt to individuals like this, who have limited debt that the city owes them? >> he really could if he wanted to. he's probably restricted in his ability to do that, becaus

liz: our own rich edson got the chance to speak with detroit's emergency manager kevyn orr.hat it comes to this. it was an exclusive. rich, let's talk about some most important things he said. >> as kevyn orr builds bankruptcy proposal he expect the more obstacles to finishing agreement. he secured support of city retirees and some creditors. others oppose his plan primarily investors who purchased city debt in 2005. current city management calls the is a sale a sham and those investors would receive much less under latest bankruptcy proposal. orr says once the city emerges from bankruptcy it will have potential for fiscal revival. >> we get this done right and there's still a lot of ways to go, we have to convince the judge that what we're proposing will work. so we have a lot of lift to do. which will have multiples what we had before, investment interest come into the city is tremendous. working with cooperativelily with the legislature, city council and executive. >> detroit like new york and washington in the past may need an impartial observer after the city emerges fr

kevyn orr, the emergency management manager, says it could influence others to reach the credit decisionas the motor city heads in the right direction. >> the city itself is thriving. the other 130 miles here, we're the size of san francisco, and new york city altogether. the city itself is going to take a period of time but we're getting it altogether. >> when the deal gets the final okay from a federal bankruptcy judge detroit will pay 74 cents for each dollar owed. >>> an important hearing today as comcast, the nation's biggest cable provider explained to lawmakers why it should be allowed to acquire warner time cable company. there was a lot of skepticism on capitol hill. hampton pearson has the story. >> reporter: at the first public hearing on the proposed $45 billion merger between comcast and time warner cable, lawmakers on the senate judiciary committee voiced concern about higher prices for consumers and too much power over what americans watch on tv. and on line. >> consumers want to know where a combined tcomcast/time warner will be in a position to provide high speed interne

emergency city manager kevyn orr is proposing steeper cuts to pensions. his plan leaves retired firefighters and police officers with a choice of recieving 10% less money to stop creditors from getting their hands on art work at the detroit institute of arts. the numbers are in, and the white house is celebrating. "in these first six months we've taken a big step forward." president obama says 7.1 million americans signed up for the health insurance, exceeding the initial goal of 7 million. the government extended the deadline to april 15th for people who started the process but then were blocked by a technical glitch caused by a surge in last minute sign ups. michael mahoney of go health dot com says there are still plenty of americans scrambling for coverage. " we're shocked by the number of enrollments, the number of calls, the number of visits we got on our website. it blew away all the projections that we had. however, we are still seeing a large number of people that missed the deadline and still need help. whether they had an issue with another web

bankruptcy by october, which would be less than 18 months after seeking .rotection from its creditors kevyn orroins me. let's get right to it. the city of detroit agreed to million bonde $388 holders are owed. will it be enough to encourage other creditors? >> i know some people say they were supposed to get 15% under our plan, but as we have always said, the plan is dynamic. this represents a big movement for them over what is a plan.ted we certainly hope this spurs some of our other groups to come in and make deals. we are open for business. we hope to make plans so we can preserve the grand bargain that was orchestrated by the chief judge. >> if the remainder of the balance will be erased, what will happen to that money? >> a substantial portion will be used for an income stabilization plan so no one is pushed below the poverty level in the city, and the city will be able to benefit pensioners in some fashion from that process. maybe some left over after going through that process. the main thing is we have a party that has seen its way fit to come in, make a deal with us, support eventually

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institute] [captions copyright national cable satellite corp. 2014] >> coming up later today, remarks by kevyn orr, the emergency manager for detroit. asis overseeing the finances they emerge from bankruptcy. he announced it tension agreement with a number of detroit employees. live coverage of his remarks scheduled to begin at 1:00 p.m. eastern. this past tuesday, the supreme court heard arguments in a case andlving the aereo company whether it in french on rights of networks by offering programs without paying copyright fees. you can hear that argument and comments from the attorneys tonight at 8:00 eastern. at 2:15 eastern, whistleblowers talk about the challenges they face in exposing wrongdoing. here's a portion of the program. snowden looked at these look at chelsea manning, assange, realize he had to be out of the country if he was going to put out this amount of information and to be able to tell what he had done and why he had done and to comment as he has been doing. speak -- i was out on bond throughout my trial and i was able to speak to demonstrations, lectures, to do this and that. t

ichigan governor rick snyder served kevyn orr. today, he gave a keynote address at the american bankruptcy institute is premiering -- spring meeting. this is half-an-hour. [applause] >> one of the things he didn't mention was up until last year, he was part -- he was one of my clients. n addition to being a dear friend, i don't miss the fact that he makes those 12:00, midnight calls asking me what the deal is and why we don't have the definitive sheet. thank you for that rather engaging interruption. up it is nice to be on the side f your friendship. this represents some of a homecoming for me both a gritty -- both figuratively and literally. trish redman who was at my first term. those famous words, don't f it p. we have been in the trenches of many battles. my friends every year. some of my investment bankers that are here on this matter. some of the judges i have appeared in front of and i assure you i am very thankful you did not hold me in contempt. i noticed some of the pictures they usually happy with my mouth open which is

these help me welcome kevyn orr to the podium. [applause] >> it is interest in, one of the things that al did not mention up until last year he was actually one of my clients. in addition to being a dear friend, i do not miss the fact that al makes those 12:00 midnight calls asking me where the deal is, why we do not have the definitive timesheet, and why it is taking me so much time to get this done. thank you for that rather engaging introduction. it is nice to be on the side of your friendship. [laughter] this represents some of the homecoming -- some of a homecoming for me as i look across the room, at so many people who i have known throughout my career. , and another, with those famous words, do not f it up. we havew firm with whom been on the trenches many battles with, my friends over here, mr. harner, and some of my investment anchors here. some of the judges i have appeared in front of, and i am before you did not hold me in contempt. some of the pictures had the with my mouth open which is not my usual state of affairs.

all the emergency manager kevyn orr needs is a vote or two and this -- this way he will get it to essentiallyng with it. it's a major step forward in the detroit bankruptcy. the banks taking a hair cut but if they had not done this, they might have faced some lengthy litigation and the bankruptcy, reorganization in this largest municipal bankruptcy in u.s. history would have gone on for much much longer. a major step forward in the detroit bankruptcy we'll continue to bring you deal tails as we get them. >> thank you very much, scott coenh coenhen. a deal involving alibaba, a giant that is in the not-too-distant future going to be a public company, public here at the nyse hasn't filed yet but what it has done announced a deal to acquire autonavi leading provider of digital map content and navigation based solutions in china. the overall price about $1.5 billion. now alibaba owned roughly i think it's 28% as i page through the press release here of the company. but will be paying an additional 525 in cash for ordinary share or u.s. 21 and share for american depository share. that price represe

kevyn o will deliver remarksrr. deliver orr will remarks. on c-span 3, the export-import bank conference will continue. >> our guest is robert woodson. and steve bell of the bipartisan policy center. next month marks the 60th anniversary of the u.s. supreme order ofrown the education supreme court decision. -- brown versus department of education supreme court decision . retired supreme court sidese john paul stevens with the legalization of marijuana. manufacturing of the u.s. is at record levels. those are some of the stories we will be talking about this morning on the "washington journal." south carolina college production highlights political battle between lawmakers and public universities. dianeg us on the phone is kn