On this day: July 18

POSTED: 03:56 PM PDT Jul 17, 2012    UPDATED: 11:00 PM PDT Jul 17, 2014 

A Nobel Peace Prize winner and astronaut are born, a gymnast reaches Olympic perfection, and an epic superhero hits summer theaters, all on this day.

OTD July 18 - Detroit bankruptcy
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Haljackey/Wikimedia Commons

2013: The city government of Detroit, Michigan, with up to $20 billion in debt, files for the largest municipal bankruptcy in U.S. history, exceeding the $4 billion filing by Jefferson County, Alabama, in 2011. Detroit is also the largest city by population in the U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012.

 
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