On this historic day, Detroit, Michigan's largest city, is found eligible for Chapter 9 bankruptcy protection. Federal Judge Stephen Rhodes saying, "It is indeed a momentous day. We have here a judicial finding that this once proud and prosperous city is insolvent."
But, just what does all this mean for Detroit? For our state? What happens next?
This hour, we'll get answers to those questions as we're joined by Jack Lessneberry, Michigan Radio's Political Analyst, and Eric Scorsone joins us for a look at the economic consequences of the nation's largest Chapter 9 bankruptcy ever.