And a pick up in auto sales and hiring has led to a nearly two-point drop in Michigan 's unemployment rate over the last 12 months , the biggest improvement of any state . City facing bankruptcy ; vote prevents a state takeover . Without more cost cutting , the city wo n't be able to pay its taxes come Monday . City of Detroit bankrupt , but its automakers enjoying financial resurgence .
City facing bankruptcy ; vote prevents a state takeover . Without more cost cutting , the city wo n't be able to pay its taxes come Monday . City of Detroit bankrupt , but its automakers enjoying financial resurgence .