Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
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."
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.
Detroit Mayor and NBA legend Dave Bing discusses the efforts his staff is taking to help those who still live and work in Detroit, reduce the city's debt and how they plan on working within bankruptcy to get back to prosperity.
Discussing the impact Detroit's bankruptcy is having on municipal bonds, with Alexandra Lebenthal & Co.
WDIV Detroit business editor Rod Meloni discusses the many causes for Detroit's bankruptcy. "This city is built on the old General Motors business model," says Meloni. It didn't work for GM, either.
CNBC's Brian Sullivan recaps how Detroit got to bankruptcy. Detroit Blight Authority founder, discusses his efforts to clean up Detroit. And Metro Detroit AFL-CIO president Chris Michalakis speaks about unemployment and the fight between labor unions and creditors in the city to get what they were promised.
Detroit's bankruptcy filing brings into sharp focus the decades-long decline of the once prosperous hub of American manufacturing. Here's what's next.
Detroit's bankruptcy is highlighting some of the risks with municipal bonds. Katie Nixon, Northern Trust Wealth Management, explains why her firm is bullish on developed nations outside of the U.S. and downgraded its outlook for emerging markets. "The general health of the muni bond market remains very high," she says.
Detroit has become a pariah of the muni world, but analysts are holding out hope that the nation's largest government bankruptcy isn't contagious.
Detroit filed the largest municipal bankruptcy in U.S. history Thursday. CNBC's Kayla Tausche reports on the city's bondholders, and Robert Frank discusses how some see an opportunity. Benjamin Thompson of Samson Capital Advisors weighs in on whether muni bonds are safe.
Michigan Gov. Rick Snyder and Detroit Emergency Manager Kevyn Orr discuss the city's bankruptcy and what it means, as well as ongoing negotiations with creditors.
Detroit's bankruptcy will be painful, but one of the city's largest landowners says the answer is to start over with a clean slate.
Steven Rattner, CNBC contributor, weighs in on how Detroit's bankruptcy will likely impact the city.
Detroit is the largest U.S. city to file for bankruptcy and that puts the city on an uncertain course that could lead to laying off employees and selling assets, reports CNBC's Brian Sullivan.
Dan Gilbert, chairman of Quicken Loans, provides perspective on Detroit's bankruptcy filing.
The municipal's insolvency could cause pension problems. CNBC's Brian Sullivan has the details on the dire financial situation in the Motor City.
The outcome of the Detroit bankruptcy filing promises to inflict more pain on already-beleaguered city workers, residents, businesses, creditors, and investors.
Detroit became the biggest U.S. city to file for bankruptcy, reports CNBC's Brian Sullivan. And Hector Negroni of Fundamental Credit Opportunities discusses what's at stake in this high-profile financial failure.
The Motor City is mired in over $18 billion dollars in debt, reports CNBC's Brian Sullivan.
Jeremy Stretch, head of FX strategy at CIBC, comments on Detroit filing for bankruptcy, which he says, reflects the shift away from traditional manufacturing in the U.S.