Article Image
News Link • Economy - Economics USA

Detroit emergency manager says city 'clearly insolvent'

• Reuters
Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch, the city's emergency financial manager said on Monday.

1 Comments in Response to

Comment by Powell Gammill
Entered on:
Detroit is broke; could bankruptcy lie ahead? Detroit finances bleak, on "ill-advised and unacceptable course," bankruptcy manager says


Join us on our Social Networks:


Share this page with your friends on your favorite social network: