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IPFS News Link • Government Debt & Financing
As somewhat expected - though hoped against by many Detroit union workers - Judge Steven Rhodes appears to have confirmed Detroit is eligible for bankruptcy protection (after pointing out that the city's accounting was accurate and it is indeed insolvent) making this the largest ever muni bankruptcy.
JUDGE RHODES SAYS HE WILL ALLOW PENSION CUTS IN DETROIT'S BANKRUPTCY
DETROIT JUDGE: NOTHING SEPARATES PENSIONS FROM OTHER DEBT Current News | Contents By Subject
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