Detroit City Council votes 6-3 to approve Barclays deal

Deal with bank expected to help speed up Detroit's bankruptcy


DETROIT – The Detroit City Council has approved a $120 million loan deal with investment bank Barclays.

The vote on the deal was delayed after the report City Council received contained blank pages, but Council reconvened Friday and settled on a 6-3 vote to approve the deal.

The deal is expected to help speed up the city's bankruptcy process and help to improve city services.

Complete coverage: Detroit bankruptcy

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