On this day: July 18

Published: Jul 17 2012 06:56:46 PM EDT   Updated On: Jul 18 2014 02:00:00 AM EDT

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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