InvestmentWatch

Despite assurances from Clint Eastwood andEminem, Detroit’s rebirth may be on hold, as the city is on a Greece-like track to run out of money before summer, and things are getting increasingly testy between the state’s Republican governor and the city’s Democratic mayor.

Although the automotive sector and some other parts of the city’s business picture have bounced back in recent years, Detroit city government finances are still on an unsustainable course, and [...]