Detroit filed for bankruptcy, the largest American city ever to take such a course.
Billions in debt.
http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?pagewanted=all&_r=0
Governor Snyder Authorizes Detroit Bankruptcy Filing:
Captured: the ruins of Detroit
http://blogs.denverpost.com/captured/2011/02/07/captured-the-ruins-of-detroit/2672/
Billions in debt.
http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?pagewanted=all&_r=0
Governor Snyder Authorizes Detroit Bankruptcy Filing:
Captured: the ruins of Detroit
http://blogs.denverpost.com/captured/2011/02/07/captured-the-ruins-of-detroit/2672/