Detroit's future is in the hands of U.S. Bankruptcy Judge Steven W. Rhodes, the New York Times reports: If the judge "approves a blueprint drawn up by Detroit officials to eliminate more than $7 billion of its estimated $18 billion in debts and to invest about $1.5 billion into the city’s now dismal services, it will mark the beginning of the end of the nation’s largest-ever municipal bankruptcy. The outcome will set this troubled city’s new course for the coming decades, perhaps longer." Rhodes must decide if the plan is equitable, feasible and in the best interests of creditors, the Times also reports.
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