A Closer Look at Detroit's Debt Crisis

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  • Kevyn Orr
  • Detroit
  • Detroit
  • Kevin Orr, Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit

A Historic Default

With the city of Detroit now missing a $39.7 million payment on debt issued to fund pensions, Detroit becomes the most populous American city to default since Cleveland in 1978.  (Photo: Spencer Platt/Getty Images)