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As Budget Cuts Take Effect: Detroit Declares Fiscal Emergency

March 1, 2013 Business & Finance, Featured Comments Off on As Budget Cuts Take Effect: Detroit Declares Fiscal Emergency

Michigan Governor Rick Snyder today declared what was ultimately the inevitable: Detroit is in a state of fiscal emergency due to the sweeping federal budget cuts that took effect after congress and the White House failed to amend them before today’s deadline. It set the stage for what could potentially …

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