President Obama 'closely monitoring' Detroit

The White House says President Barack Obama is "closely monitoring" the situation in Detroit.

'Opportunity Made In Detroit' banner seen on the side of a building
'Opportunity Made In Detroit' banner seen on the side of a building Credit: Reuters

A White House statement tonight said:

"While leaders on the ground 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 maintain its status as one of America's great cities."

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Detroit files for bankruptcy

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