White House issues statement on Detroit bankruptcy, President Obama to monitor situation closely

DETROIT (WXYZ) - The White House issued a statement Thursday afternoon regarding Detroit's Chapter 9 bankruptcy filing.


"The President and members of the President's senior team continue to closely monitor the situation in Detroit.  While leaders on the ground in Michigan and the city's creditors understand that they must find a solution to Detroit's serious financial challenge, we remain committed to continuing our strong partnership with Detroit as it works to recover and revitalize and maintain its status as one of America's great cities."


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