Former Detroit bankruptcy judge to lead city schools

- Monday, February 29 is Darnell Earley's last day on the job as Detroit Public Schools' emergency manager. Earley announced he was stepping down earlier this month.

Governor Rick Snyder has announced retired bankruptcy judge Steven Rhodes as the new man in charge of Detroit Public Schools.

Rhodes will oversee the school district's finances and operations, but he will appoint an interim superintendent as soon as possible to handle academics. The governor says Rhodes is highly respected and a "natural choice."

Detroit schools are in bad shape and could run out of money by April. Snyder has proposed spending $770 million over a decade to pay down debt and launch a new district. But his solution isn't the only one in the Republican-controlled Legislature.

Rhodes has said bankruptcy isn't a good option for the schools because much of the debt can't be erased.

The Associated Press contributed to this report. 

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