Detroit News
Emergency Manager Kevyn Orr says the city of Detroit’s cash-flow crisis makes it “insolvent” and unable to borrow more money to mask over debts being made worse by skipping millions in payments for retiree pensions and health care.
http://www.detroitnews.com/article/20130512/METRO01/305130320/Detroit-insolvent-EM-Kevyn-Orr-says?odyssey=mod|breaking|text|FRONTPAGE
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