Educating the Ignorant
- Dec 19, 2008
- Reaction score
- Political Leaning
Amerika's future.Emergency manager: Detroit won't pay $2.5B it owes
A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.