TIMELINE - A brief history of Detroit's fiscal problems
February 19, 2013 at 14:57 PM EST
Feb 19 (Reuters) - - Detroit's descent into fiscal insolvency can be traced back to the waning days of long-time Mayor Coleman Young's administration (1974-1993), when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised concerns over potential bankruptcy. Moody's Investors Service cut the city's debt rating into junk in July 1992.
