Tag Archives: City Employees

Detroit, Facing Bankruptcy, Refuses to Pay $2.5B in Debts

Posted on June 17, 2013 by Barry Donegan

Detroit, Michigan used to be a symbol of American industrial might. Once home to a substantial portion of the nation’s auto industry, Motor City has slipped into economic free fall after decades of government intervention into the economy. Public sector … Continue reading →

Posted in Money Monday | Tagged Bankruptcy, City Employees, Debts, Detroit, Feature, Money Monday, Municipal Bonds | Comments on Facebook

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