USA Detroit bankruptcy: Pensioners clear plan, creditors erect new hurdle (+video)

Two bondholders said Tuesday they'll fight terms of debt repayment outlined in Detroit's bankruptcy recovery plan. City pension groups, which approved the plan Monday, receive a much better deal, the creditors complain.

By , Staff writer

Paul Sancya/AP/File

Just when it looked as if Detroit would have clear sailing to end the largest municipal bankruptcy in US history, a couple of storm clouds popped up on the horizon – in the form of two major bond insurers that don't like the repayment terms Detroit is offering them.