Detroit Pension Holders Vote for Bankruptcy Deal

6:23 am
Tue July 22, 2014

Detroit Pension Holders Vote for Bankruptcy Deal

Lead in text: 
Creditors still object to deal
Detroit retirees voted to accept pension cuts and allow the Detroit Institute of Arts to spin off as an independent institution, reflecting a critical endorsement of the city's restructuring blueprint to resolve the largest municipal bankruptcy in U.S. history.