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Detroit Mayor Dave Bing (right) said he feels the state will let the city run out of cash this week. Some residents are wondering if the Motor City is poised on the edge of an explosive summer of unrest. (Associated Press)

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Detroit Mayor Dave Bing has presented a budget to the City Council that would cut more than 2,500 of Detroit's 10,800 jobs and shave $250 million in annual expenses. The proposals have riled city workers, but they cannot legally strike. (Associated Press)

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Detroit Mayor Dave Bing has presented a budget to the City Council that would cut more than 2,500 of Detroit's 10,800 jobs and shave $250 million in annual expenses. The proposals have riled city workers, but they cannot legally strike. (Associated Press)

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Detroit Mayor Dave Bing said it would be "nuts" to think he'd accept a state oversight board for the city's intractable finances. "When I did read it, I was appalled," he said. (Associated Press)

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Detroit Mayor Dave Bing (right), greeting Michigan Gov. Rick Snyder at his Jan. 1 inauguration, does not agree with the governor's idea of a state takeover of his troubled city. "We know what needs to be done, and we stand ready to do it," Mr. Bing said. (Associated Press)

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Detroit Mayor Dave Bing discusses the city's financial woes on Wednesday. Mr. Bing urged municipal unions to accept wage cuts and Michigan leaders to pay the city millions stemming from a decade-old tax agreement, saying Detroit needs the money to avoid a takeover. (Associated Press)

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ASSOCIATED PRESS Detroit Mayor Dave Bing saw his city lose 25 percent of its resident since the last census. Mr. Bing's spokesman said Detroit is open to New York's mayor's suggestion that the federal government allow illegal immigrants to move to the Motor City.

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Detroit Mayor Dave Bing greets President Barack Obama upon his arrival at Detroit Wayne County Airport in Detroit, Friday, July 30, 2010. At right is Rep. Carolyn Kilpatrick, D-Mich. (AP Photo/Pablo Martinez Monsivais)