Detroit financial crisis

The 'financial emergency' finding is no surprise to anyone who has been following the city's troubles for the last several years.The finding clears the…

Today is the day the State will released the results of its emergency review into Detroit's finances.Since late last year, a six-member team has taken…

If you think you've heard this before, you have.This is the second state review of Detroit's finances.The first review in 2012 led to a "financial…

We should know more about Detroit’s grim financial situation on Tuesday.That’s when Governor Snyder is expected to receive a long-awaited report on the…

In yesterday's Detroit News, columnist Nolan Finley said an "emergency manager for Detroit [is] on its way."At a Detroit Regional Chamber luncheon today,…

According to an independent annual audit, Detroit's deficit recently reached almost $327 million.Detroit Free Press editorial writer Nancy Kaffer…

As the prospect of a Chapter 9 Bankruptcy looms over Detroit, many are wondering what will become of the city.We spoke with Forbes.com contributor Micki…

Update 2:30 p.m.Darren Nichols and Leonard Fleming of the Detroit News also report state officials are warning city leaders about the potential…

Detroit city officials are sending some mixed signals when it comes to the city’s crumbling finances.On the one hand, officials said Tuesday that the city…

In Moody's world, you can be triple A when you're at your best, or C when you're at your worst.Detroit is dropping further into the Moody's bond rating…