Saturday, February 22, 2014

Saving Detroit: What next?

In a photo from Thursday, Feb. 20, 2014 is the monument to the boxer Joe Louis in Detroit. Detroit's emergency manager filed a plan Friday, Feb. 21, 2014 to restructure the city's $18 billion debt by making cuts to pensions and creditors while offering a blueprint for emerging from the largest municipal bankruptcy in U.S. history. (AP Photo/Carlos Osorio) DETROIT (AP) — Detroit presented its first full road map for leaving bankruptcy Friday, outlining an elaborate plan to restructure $18 billion in debt, demolish thousands of blighted homes and invest in the broken-down infrastructure that has made the city a symbol of urban decay.


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