MuniLand: From Motown to Broketown, Detroit's despair (10:18)
Detroit defaulted on some debt Friday and proposed that creditors take a drastic cut in the money they are owed by the city in order to avoid the largest municipal bankruptcy filing in U.S. history.
Hard-edged reporting, insight and analysis, Reuters TV breaks ground creating informative news and financial videos. Showcasing Reuters’ 3000 award-winning journalists, Reuters TV delivers high-energy investigative journalism with concise explanations. Check it out and let us know what you think.