Low Times in Motown: Detroit Files for Bankruptcy
Bankrupt Monopoly players must immediately retire from the game, but cities struggling financially can hang on for years. Such was the case for Detroit, when it filed for bankruptcy last week. The city's population is about a third of what it was in 1950, and its debt has grown into the hundreds of millions. This hour we'll see what's next for Detroit and look at the history of cities in the red.
- Chad Livengood, The Detroit News
- Lavea Brachman, Executive Director, Greater Ohio Policy Center
- Robert Polner, co-author of The Man Who Saved New York: Hugh Carey and the Fiscal Crisis of 1975