Detroit secures $350M loan to help pay off debt, improve services; judge has to approve deal

  • Article by: COREY WILLIAMS , Associated Press
  • Updated: October 11, 2013 - 5:29 PM

DETROIT — Cash-strapped Detroit has secured a $350 million loan to help pay off some of its massive pension debt, state-appointed emergency manager Kevyn Orr said Friday.

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