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Analysis, discussion and opinions by members of Newsday's editorial board.

Bessent: Detroit needs help just like municipalities around the nation

Michigan Gov. Rick Snyder announces he will appoint

(Credit: Getty Images)

The city of Detroit has been on the skids for decades, and Friday it finally tumbled into the financial abyss. Michigan Gov. Rick Snyder announced he would appoint an emergency manager to take over the city’s troubled finances.

A booming auto industry hub of 1.8 million people in the 1950s, Detroit now has just 700,000 residents. With boarded-up homes, darkened streets, high crime, inadequate...

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