City offers deal to cops

Tackling one of the city's major budget issues, the Los Angeles City Council on Tuesday proposed a two-year police contract that could save up to $100 million next year by slashing overtime and bonuses.Daily News.

Terms of the agreement were not disclosed. But officials familiar with the discussions said a major element was the deferral of overtime to officers - $58 million this year and $100 million next year - and other cost savings.