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Detroit inches toward bankruptcy

by
A general view of downtown Detroit's skyline in Detroit
A general view of downtown Detroit's skyline in Detroit

DETROIT (WKZO) -- The state's review of Detroit's finances is scheduled to begin on Monday.  This is a step toward the possible appointment of an emergency manager.  In the meantime, the city council plans on a Wednesday vote on a proposed financial restructuring plan.  Governor Snyder has said that his staff is currently looking into the possibility of a municipal bankruptcy for Detroit.

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