 Wall Street Journal | Detroit Will Be Run by Financial Manager Wall Street Journal DETROIT—The state of Michigan is taking on one of the most difficult turnaround projects ever attempted: a rescue of a sprawling city with $14 billion in debt, a depleted tax base, a legacy of government corruption—and very little time left to avert ... Michigan governor declares financial emergency in Detroit Governor declares financial emergency in Detroit Rick Snyder, Michigan Gov., Declares Detroit Financial Emergency Exists |
