[1]
by NW Spotlight
The city of Detroit filed the largest municipal bankruptcy [2] in U.S. history yesterday.
In President Obama’s weekly address back on October 13, 2012 [3], the President told America “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt.” But Detroit did end up filing bankruptcy – and today USA Today is reporting [4] that President Obama and his senior team will just “closely monitor the situation in Detroit.”