Detroit Could Be Out Of Cash By December

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According to Detroit’s emergency manager, Kevyn Orr, the city’s financial conditions continue to be “dire”. Orr submitted his latest quarterly report to state officials on Monday.

Although the 11-page report does not mention the chance of bankruptcy, it does show that Detroit could run out of cash by December.

Read more http://www.michronicleonline.com/index.php/news-briefs-original/13338-detroit-could-be-out-of-cash-by-december

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