By the way, I never knew there was a Detroit Branch of the Federal Reserve Bank of Chicago (see a tour at detnews.com). It looks like they destroy and replace currency there. The Detroit Branch also has a blog on the Michigan economy. The City of Detroit needs some QE right about now.
Courts, Not Politicians, Should Control Detroit Bankruptcy (Bloomberg.com)
Clock ticks down for decision on Detroit finances (AP at WXYZ.com)
Nancy Kaffer: Can Detroit City Council's teamwork stave off bankruptcy? (Detroit Free Press)