Detroit hits rock bottom as it becomes the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection, the Wall Street Journal reports.
Michigan Gov. Rick Snyder (R) made the final decision: “This was a difficult and painful decision but I believe there are no other viable options. This is a situation that’s been 60 years in the making in terms of the decline of Detroit. From a financial point of view, let me be blunt, Detroit is broke.”
Latest posts by HinterlandGazetteStaff (see all)
- Pope Francis’ Grandnephews, Jose and Antonio Bergoglio, and Mom Killed in Argentina Crash - August 19, 2014
- Sharon Wilkins Killed by Husband in Apparent Murder-Suicide in Sandy Springs - August 13, 2014
- 5 People Shot, 2 Dead in Bartow County Shooting, Carjacking - August 12, 2014