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CNN.com CNN.com delivers up-to-the-minute news and information on the latest top stories, weather, entertainment, politics and more. 'Merchant of death' faces long prison sentence 1:07:58 AM The convicted Russian arms dealer Viktor Bout faces the possibility of life in prison at his sentencing in a federal court in New York on Thursday. Detroit avoids threat of state takeover 12:55:24 AM The Detroit City Council passed a financial consent agreement late Wednesday with a 5-4 vote, which grants the city the power to void contracts and slash costs but not provide state funding or loans to bail the city out of its financial problems. No bail for Calif. school killings suspect Wednesday, April 04, 2012 11:39 PM The man accused of gunning down seven people at a California religious college from which he was expelled will be arraigned Wednesday.

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