Timeline: A brief history of Detroit's fiscal problems

[unable to retrieve full-text content](Reuters) - Detroit's financial decline that led on Thursday to the biggest U.S. municipal bankruptcy filing in the country's history can be traced back to the waning days of long-time Mayor Coleman Young's administration (1974-1993), when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised concerns over potential bankruptcy. Moody's Investors Service cut the city's debt rating into junk in July 1992. ...

Source: http://news.yahoo.com/timeline-brief-history-detroits-fiscal-problems-004753511.html

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