Detroit avoids state takeover threat, agrees to consent agreement

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The Detroit City Council passed a financial consent agreement Wednesday evening with a 5-4 vote, which grants the city the power to void contracts and slash costs but not provide state funding or loans to bail the city out of its financial problems. http://feeds.feedburner.com/~ff/rss/cnn_us?d=yIl2AUoC8zA</img> (http://rss.cnn.com/~ff/rss/cnn_us?a=bCYCFaSmyOA:NiQFcO_R_Dw:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/rss/cnn_us?d=7Q72WNTAKBA</img> (http://rss.cnn.com/~ff/rss/cnn_us?a=bCYCFaSmyOA:NiQFcO_R_Dw:7Q72WNTAKBA) http://feeds.feedburner.com/~ff/rss/cnn_us?i=bCYCFaSmyOA:NiQFcO_R_Dw:V_sGLiPBpWU</img> (http://rss.cnn.com/~ff/rss/cnn_us?a=bCYCFaSmyOA:NiQFcO_R_Dw:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/rss/cnn_us?d=qj6IDK7rITs</img> (http://rss.cnn.com/~ff/rss/cnn_us?a=bCYCFaSmyOA:NiQFcO_R_Dw:qj6IDK7rITs) http://feeds.feedburner.com/~ff/rss/cnn_us?i=bCYCFaSmyOA:NiQFcO_R_Dw:gIN9vFwOqvQ</img> (http://rss.cnn.com/~ff/rss/cnn_us?a=bCYCFaSmyOA:NiQFcO_R_Dw:gIN9vFwOqvQ)
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