Bankruptcy judge approves Detroit's proposed $85 million pension bond debt deal with 2 banks

  • by: COREY WILLIAMS , Associated Press
  • Updated: April 11, 2014 - 4:20 PM

DETROIT — Detroit can move ahead with a plan to settle a ruinous multimillion-dollar debt with two banks for $85 million, a judge said Friday as he also urged the bankrupt city and other creditors to reach more deals.

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