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Associated Press
Detroit Mayor Dave Bing speaks during a news conference in Detroit, Monday, May 13, 2013. The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their pensions and residents endure even deeper cuts in municipal services. (AP Photo/Paul Sancya)

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