Historical Events tagged with "kevyn orr"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Detroit Files for Largest Municipal Bankruptcy
The City of Detroit filed for bankruptcy due to severe financial instability, burdened by approximately $20 billion in debt. The decision was made to address the overwhelming economic challenges facing the city, which included declining populations, poor governance, and shrinking tax revenues. This move was unprecedented in its scale and marked a significant moment in municipal finance. Emergency Manager Kevyn Orr was appointed to oversee the city's finances and initiate restructuring. The bankruptcy raised questions about the future of city services and pensions for city employees.
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