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News Link • Economy - Economics USA

Michigan Town Is Left Pleading for Bankruptcy

• NY Times
The political leaders of this old working-class city almost surrounded by Detroit are pleading with the state to let them declare bankruptcy, a desperate move the state is not even willing to admit as an option under the current circumstances. “The state is concerned that if they say yes to one, if that door is opened, they’ll have 30 more cities right behind us,” 

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