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WDAY: The News Leader

Published May 13, 2013, 02:11 PM

Detroit is broke; could bankruptcy lie ahead?

DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their pensions and residents endure even deeper cuts in municipal services.

By: COREY WILLIAMS,Associated Press, Associated Press

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