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Detroit Inks Deals With Bondholders, Union In Bankruptcy Row

By Jeff Sistrunk ( June 13, 2014, 11:23 PM EDT) -- Detroit has reached a settlement with a group of unsecured bondholders over the treatment of limited-tax general obligation bonds and has inked a separate pact with its largest municipal union, according to a statement and reports on Friday, marking more positive news for the city as it strives to end its $18 billion bankruptcy....

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