Detroit avoids state takeover threat, agrees to consent agreement

[news]

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/...?d=yIl2AUoC8zA</img> http://feeds.feedburner.com/~ff/rss/...?d=7Q72WNTAKBA</img> http://feeds.feedburner.com/~ff/rss/...Dw:V_sGLiPBpWU</img> http://feeds.feedburner.com/~ff/rss/...?d=qj6IDK7rITs</img> http://feeds.feedburner.com/~ff/rss/...Dw:gIN9vFwOqvQ</img>


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