Motown at square one

12:00 AM ET Fri, 6 Dec 2013

Detroit became the largest U.S. city to declare bankruptcy this week and will now restructure more than $18 billion in debt. Is this a blueprint for other major cities struggling with shrinking revenues and state-protected pensions? Former Detroit Mayor Dennis Archer reveals the legal ramifications of Detroit's bankruptcy and why he's optimistic it's a fresh start for Motown.