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New deal for ailing Detroit aims to halt hemorrhaging

With a shrinking tax base, big debt, can city be saved?

By Monica Davey

 |  New York Times  

  April 06, 2012

A day after an unprecedented deal to fix Detroit’s finances was approved, the deputy mayor said the payroll must be reduced to help get the city on a path to stability. Meanwhile, Mayor Dave Bing, who had been recuperating at home from a perforated colon, was treated at a hospital for blood clots in his lungs. Officials predicted a full recovery, but it was another piece of dramatic news at a time of extraordinary change for the city.

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