A man longboards across Woodward Avenue in Detroit, Michigan December 3, 2013. A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially ... more 
A man longboards across Woodward Avenue in Detroit, Michigan December 3, 2013. A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders. REUTERS/Joshua Lott (UNITED STATES - Tags: BUSINESS POLITICS) less 
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Reuters | Photo By JOSHUA LOTT / REUTERS
Tue, Dec 3, 2013 6:07 PM EST