Detroit Could Be Out Of Cash By December
- Category: Detroit
- Published on Tuesday, 16 July 2013 09:07
- Written by The Michigan Chronicle
- Hits: 162
According to Detroit’s emergency manager, Kevyn Orr, the city’s financial conditions continue to be “dire”. Orr submitted his latest quarterly report to state officials on Monday.
Although the 11-page report does not mention the chance of bankruptcy, it does show that Detroit could run out of cash by December.