CHICAGO - The federal bankruptcy court judge overseeing Detroit's historic Chapter 9 filing pressed the city Wednesday for more information on its strategy behind the decision to negotiate a settlement with interest-rate swap counterparties.

The tussle between U.S. Bankruptcy Court Judge Steven Rhodes and lawyers for Detroit came during the second day of hearings this week on the city's proposed $350 million debtor-in-possession financing with Barclays Capital Inc. and the related settlement with its swap counterparties. Rhodes is weighing whether the deal is fair and should be approved.

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