September 10, 2014 (vol. 124, iss. 126) • Page Image 3
…0 The Michigan Daily - michigandailycom Wednesday, September10, 2014 - 3A NEWS BRIEFS DETROIT, Mich. City reaches initial deal with financial creditors Detroit has reached a tenta- tive deal with one of its key credi- tors that could remove the biggest stumblingblockinthecity's planto reduce its debts and emerge from federal bankruptcy protection. A court filing Tuesday evening says that Detroit and the bond insurer Syncora Guarantee "have r...…