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Detroit files for bankruptcy

Thu 18 Jul 13 | 04:28 PM ET
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Detroit files for bankruptcy

Thu 18 Jul 13 | 04:28 PM ET
CNBC's Scott Cohn reports Detroit has filed for bankruptcy. It is the largest city in the U.S. to ever do so. Emergency manager Kevyn Orr, who was appointed by the state, asked permission to file for Chapter 9 bankruptcy protection today.
 
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