Detroit files for bankruptcy
The city of Detroit in the United States has become the largest American city to file for bankruptcy. It has debts of more than £11 billion.
Governor: 'Now we can stop 60 years of Detroit decline'
Governor Rick Snyder has said declaring the US city as bankrupt is an "opportunity to stop 60 years of decline in Detroit".
He told a press conference: "That's why we wanted this, to reassure the citizens of Detroit that normal operations will continue. People will be paid, people can do services.
"I don't view this as a terrible answer. Now is our opportunity to stop 60 years of decline. This is fundamental."
-
City of Detroit files for bankruptcy
Once a powerhouse of the US car industry, Detroit has filed for bankruptcy as it owes creditors almost $20bn it cannot pay.
-
Detroit - broken city
Detroit, once a booming American metropolis, has become the largest US city to file for bankruptcy, with debts of at least $18bn.