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Orr gets deal with some Detroit creditors

Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

DETROIT (WKZO) -- A settlement has been reached between the city of Detroit and some of its creditors as emergency manager Kevyn Orr seeks to cut the city's debt load.  The disclosure came as the city asked to dismiss a lawsuit that was filed to block access to tax revenues to the city from Detroit's three casinos.

Governor Snyder says the time for Orr's talks with bondholders and pensioners is quickly running out.  A group of Detroit retirees filed a lawsuit last week to preemptively block the governor from accepting a municipal bankruptcy recommendation from Orr, claiming it would violate the state constitution.

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