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Detroit Becomes Largest U.S. City to File for Bankruptcy

HeadlineJul 19, 2013

Detroit, Michigan, has become the largest city in the United States to file for bankruptcy. Detroit’s emergency manager, Kevyn Orr, says the city’s debt could be as high as $20 billion. The exact consequences of Detroit’s bankruptcy will be determined in court, but they could include dramatic cuts to pensions for city workers.

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