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Detroit submits plan to settle $18bn debt

The plan to pull the city out of the biggest public bankruptcy in American history will cut pensions and spending.

Last updated: 22 Feb 2014 11:42
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The US city of Detroit has submitted a plan to pull itself out of the biggest public bankruptcy in American history.
 
It wants to settle its $18bn debt by making cuts to pensions and spending.
 
But the plan still needs approval from a judge.

Al Jazeera's Bisi Onile-ere reports.

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Source:
Al Jazeera
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