City Of Detroit Teeters On Bankruptcy As State Audits Its Finances

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An American flag waves in the wind in front of the former Michigan... Fotografia de notíciasAcenar,Bandeira,Detroit,EUA,Economia,Ex,Finanças,Fábrica,Governo,Horizontal,Michigan,Pobreza,VentoPhotographer Collection: Getty Images News 2013 Getty ImagesDETROIT, MI - FEBRUARY 24: An American flag waves in the wind in front of the former Michigan Central Station February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)