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.

    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.

    SOURCE: Al Jazeera


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