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Detroit’s Record $18 Billion Bankruptcy Will End Tonight

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Detroit will end tonight its record municipal bankruptcy, a tumultuous episode that gave worldwide exposure to its crime, blight and crushing $18 billion of debt.

“The big news is how people can work together for the success of Detroit,” Michigan Governor Rick Snyder said at a news conference in the city with Emergency Manager Kevyn Orr and Mayor Mike Duggan. “Detroit is a much better place than it was 18 months ago.”