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The City Of Detroit Files For Bankruptcy July 18. 2013
The economic downturn in America has claimed another victim – the City of Detroit. It has just been announced, the City of Detroit has filed, "The largest municipal bankruptcy case in U.S. history." The once prosperous city, famous for its cars, booming auto industry and Motown, has seen hard times since the financial crisis in 2008, leading to job losses and widespread urban decay. Detroit needs an intervention from Washington to save it. RELATED ARTICLE New Financial Numbers Reveal The U.S. Economy Is Stagnating Again |
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