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Top News & Analysis Detroit

  • Detroit bankruptcy in Federal court

    Detroit's bankruptcy is full steam ahead, reports CNBC's Scott Cohn. Reuters says the Michigan Appeals Court has halted the challenges to Detroit's bankruptcy filing.

  • Unions criticize Detroit payments to 'consultants'

    Detroit has paid about $20 million in consulting contracts including Kevin Orr's law firm, and labor unions are wondering why the city is too broke to pay its retirees' pensions. CNBC's Scott Cohn digs into the battle, with Don Peebles of The Peebles Corporation.

  • A pedestrian walks by graffiti in downtown Detroit. Detroit became the largest city in U.S. history to file for bankruptcy when State-appointed emergency manager Kevyn Orr asked a federal judge for municipal bankruptcy protection.

    If Detroit gets its way in bankruptcy court, the cost of borrowing for cities and states could spike, the CEO of bond insurer Assured Guaranty warns on CNBC.

  • Ford to hire 800 white collar workers

    Ford will hire a total of 3,000 workers this year, including 800 white collar workers, reports CNBC's Phil LeBeau. The Big 3 are on a hiring spree, despite Detroit filing for bankruptcy.

  • Assured Guaranty's Detroit exposure

    Dominic Frederico, CEO, Assured Guaranty Ltd., talks about his company's exposure in light of Detroit's bankruptcy. The solution has to involve growth, at some level, says Frederico. With Wilbur Ross.

  • The free-enterprise solution?

    Discussing ways to help Detroit grow, with Rep. Charles Rangel (D-NY), and James Kemp of the Jack Kemp foundation.

  • Battle of Detroit

    A state judge has ruled Detroit's bankruptcy as unconstitutional because the state constitution protects employee pensions, reports CNBC's Scott Cohn. The Federal judge Steven Rhodes in the case is not waiting for that hearing and has set a hearing for Wednesday.

  • Kevyn Orr

    Detroit's bankruptcy goes to court Wednesday, even as other lawsuits seek to block a plan to restructure the city's more than $18 billion in debt.

  • Battle of Detroit, Chicago next?

    A Federal judge approved the expedited hearing for Detroit's bankruptcy case, reports CNBC's Scott Cohn. Also, a look at the likelihood the same thing could happen in Chicago, with Phil Rosenthal of the Chicago Tribune.

  • Can art save Detroit?

    The art owned by Detroit is estimated to be worth at least $1 billion, reports CNBC's Robert Frank. Talk of a sale has sparked outrage from cultural groups.

  • The fated glory of Detroit: an abandoned building on the outskirts of Motor City

    As Detroit files for bankruptcy, one of the most prominent players in the city's real estate market said there remains strong demand - it just depends on where you look.

  • Judge approves expedited hearing in Detroit bankruptcy

    A Federal Judge in Detroit has granted an expedited hearing on the city's bankruptcy, reports CNBC's Scott Cohn.

  • Detroit real estate market picks up

    Daniel Stern of Lormax Stern Development discusses the improvement in Detroit real estate and the impact of the city's bankruptcy on services.

  • Turning Detroit around

    Sandy Baruah, CEO, Detroit Chamber of Commerce, discusses what the city can do to draw businesses and keep the ones already there.

  • The skyline of Detroit

    Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.

  • The skyline of Detroit

    A ruling in state court raised questions about whether Detroit's bankruptcy will stand up to court review.

  • Roth: Against a bailout for Detroit

    Carol Roth, the author of "The Entrepreneur Equation," discusses whether Detroit's bankruptcy is a warning sign for other cities; and Lanny Davis, author of "Crisis Tales"; Jennifer Stefano, Americans for Prosperity PA state director; and Mark Simone, WOR Radio talk show host, weigh in.

  • Detail from Van Gogh self portrait

    Detroit's bankruptcy cites more than $18 billion in debts, but the city has one asset that could help its balance sheet considerably: its art collection.

  • Detroit needs this bankruptcy: Langton

    Detroit Mayor Dave Bing says it is unlikely President Obama will bail out the city. Charlie Langton, Langton Law partner, believes the city will get a bailout, while Carol Roth, author of "The Entrepreneur Equation, is against it."

  • The fated glory of Detroit: an abandoned building on the outskirts of Motor City

    As Detroit faces the largest municipal bankruptcy in American history, Mayor David Bing on Friday said it's unlikely Washington will come to the rescue with a bailout.