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Broke Cities

Why Detroit's Future Looks Grim

Reuters | Posted 09.24.2013 | Detroit

(Repeats to additional subscribers) * Vallejo still struggling with a budget deficit * Jefferson County has little money...

Report: Detroit Could File For Bankruptcy This Week

Posted 07.18.2013 | Detroit

The City of Detroit is preparing to to file for federal bankruptcy, the Detroit Free Press reports. The filing process, which would begin with a one- ...

Detroit Has Significant Chance Of Bankruptcy

Reuters | Posted 08.11.2013 | Detroit

DETROIT, June 10 (Reuters) - In his first public meeting, Detroit Emergency Manager Kevyn Orr said On Monday the city has a 50/50 chance of filing f...

American Cities Going Broke

24/7 Wall St. | Michael B. Sauter, Alexander E.M. Hess, Samuel Weigley | Posted 10.27.2012 | Business

From 24/7 Wall St.: Earlier this year, the city of Stockton, California, defaulted on its debt and filed for bankruptcy. For analysts at ratings agenc...