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10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned

Thousands of city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy. A decade later, the Motor City has risen from the ashes of insolvency, with balanced budgets, revenue increases and millions of dollars socked away. Detroit exited bankruptcy in December 2014 with about $7 billion in debt restructured or wiped out.

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Left 54%

Center 36%

Right 10%

Bias Distribution

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Far
Left

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Left

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Far
Right

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Untracked Bias

61 other sources covering this story

Total News Sources

61

Leaning Left

21

Center

14

Leaning Right

4

Last Updated

10 months ago

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