For the Record (3)

Eight Cleveland banks agreed to a plan Tuesday to end the city's $10.5 million default and lend it $26 million. Cleveland went into default Dec. 15, 1978, when it failed to pay off short-term notes that carried interest rates ranging from 4 to 8 percent.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...