DETROIT (AP) — A deal aimed at rescuing Detroit before it goes broke appeared imminent Monday after city and state negotiators reported major progress in their often-contentious talks and a review panel appointed by Gov. Rick Snyder decided not to recommend that an emergency manager take over the reins of city government.

Snyder has 10 days to negotiate a compromise with city officials before deciding if an emergency manager is needed. Both he and the City Council predicted an agreement would be reached by the end of the week.

The compromise being worked out would put a project manager in charge of overseeing reforms but would leave city leaders with more authority than the emergency manager process would. The state and city also would basically split the appointments to a financial advisory board that could overrule city officials' decisions that stray from the changes they promise to make in the city's troubled finances. A chief financial officer would be jointly appointed by the mayor and governor.