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Detroit Mayor To Declare City On Brink Of Bankruptcy

Detroit Mayor To Declare City On Brink Of Bankruptcy

DETROIT – The city of Detroit could face potential bankruptcy by next Spring if significant cuts are not made. Mayor Dave Bing is set to address the city’s long-mounting financial crisis. An audit by Ernst & Young, which was ordered by the city and paid for with taxpayer money, showed that the city’s finances are…

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