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Michigan Gov. Rick Snyder backs plan to give bankrupt Detroit $350m

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LANSING, Mich. — Michigan Gov. Rick Snyder is pledging to commit up to $350 million in state funds to help Detroit as the bankrupt city tries to shore up pension funds that are billions in debt and prevent valuable city-owned art from being sold. The Republican joined legislative leaders on Wednesday to announce a proposal that would provide the money over 20 years, as long as a larger...

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