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Detroit Files Bankruptcy

Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

The city of Detroit is now the largest municipality to file for bankruptcy in U.S. history and the matter is on the way to federal court. The filing came Thursday afternoon after months of speculation and the appointment of an emergency manager in recent months.

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