First in Detroit, then in Stockton, Calif., and now in New Jersey, judges and other top officials are challenging public pensions. The NYT reports.» Read More
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.
In his first national interview, Detroit’s Emergency Manager Kevyn Orr said he could not wait any longer to attempt to solve the city’s long-term debt problems.
Detroit's mayor called the bankruptcy "difficult" but a process that could "pay off," reports CNBC's Scott Cohn. Emergency Manager Kevyn Orr offers insight. Doc Thompson of The Blaze Radio Network, Brian Wesbury of First Trust Advisors and Steve Malanga of the Manhattan Institute discuss.
The Motor City has filed for chapter 9 municipal bankruptcy as it faces up to $20 billion in long-term debt.
Detroit is asking a federal judge for permission to go into Chapter 9 bankruptcy protection, reports CNBC's Scott Cohn.
CNBC's Scott Cohn is following Detroit's decision to file for Chapter 9 bankruptcy; and flipping was hot during the housing bubble, and it seems to be making a comeback, with CNBC's Diana Olick.
CNBC's Scott Cohn reports Detroit has filed for bankruptcy. It is the largest city in the U.S. to ever do so. Emergency manager Kevyn Orr, who was appointed by the state, asked permission to file for Chapter 9 bankruptcy protection today.