Detroit is broke; could bankruptcy lie ahead?

Associated Press
Detroit is broke; could bankruptcy lie ahead?

FILE - This March 14, 2013 file photo shows the skyline of the city of Detroit. In a report released late Sunday, May 12, 2013, Kevyn Orr, the city’s state-appointed emergency manager, said Detroit is broke and faces a bleak future given the precarious financial path it's on. It was his first report on Detroit’s finances since taking the job in March. (AP Photo/Paul Sancya, File)

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