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Detroit Defaults

Fri 14 Jun 13 | 02:00 PM ET
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Detroit Defaults

Fri 14 Jun 13 | 02:00 PM ET
The city of Detroit is defaulting on $2.5 billion in debt. It's part of the city's attempt to reinvent itself and get on solid financial footing. It will impact retirees and current city workers, reports CNBC's Mary Thompson.

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Detroit
 
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