Many will see this as a low point in [Detroit's] history. I think it will also be the foundation of the city's future -- a statement I cannot make in confidence absent giving the city a chance for a fresh start.
Michigan Gov. Rick Snyder, when he announced last week that Detroit has officially filed for federal bankruptcy protection. It's the largest U.S. municipality to ever do so.
Michigan Gov. Rick Snyder, when he announced last week that Detroit has officially filed for federal bankruptcy protection. It's the largest U.S. municipality to ever do so.
