City faces insolvency ; vote prevents Michigan state takeover . Rick Snyder . The Detroit Free Press reports that the city is facing a $900 million deficit and has been unable to pay its bills for months. come June . City of Detroit struggling , but its automakers enjoying financial resurgence .
City faces insolvency ; vote prevents Michigan state takeover . The Detroit Free Press reports that the city is facing a $900 million deficit and has been unable to pay its bills for months. come June . City of Detroit struggling , but its automakers enjoying financial resurgence .