DETROIT - Detroit’s attorneys renewed their arguments about city’s need for speed in its Chapter 9 case Thursday, telling the federal judge overseeing the case that the city’s fiscal recovery -- and its ability to secure financing -- hinge on a prompt decision on whether the city will officially be afforded bankruptcy protection.

“We need to convince the outside world we are making progress and we are close to the end, that’s a really big deal,” Detroit attorney Bruce Bennett, from Jones Day, argued in a late-afternoon hearing before U.S. Bankruptcy Judge Steven Rhodes. “We are always focused on decisions if people and businesses want to stay here or move here, and those decisions aren’t going to be made until this is made clear.”

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