Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
James Hohman of the Mackinac Center for Public Policy discusses how the city might deal with its unfunded health care and pension obligations.
The city of Detroit is defaulting on $2.5 billion in debt. It's part of the city's attempt to reinvent itself and get on solid financial footing. It will impact retirees and current city workers, reports CNBC's Mary Thompson.
The Treasury Department says it will begin another round of sales of the General Motors stock it acquired during the government's bailout of the auto industry.
Itay Michaeli, auto analyst at Citi, says May should be a "pretty good month" for truck sales which should benefit Detroit makers and says there is "so much pent up demand left".
There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
Emergency Financial Manager in a report issued on Monday presented a review of Detroit's problems, from gaping budget deficits to a crushing debt load and said the city is insolvent.
Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.
What can your money buy you in Detroit, Michigan? Jeff Glover, JeffGloverSells.com, weighs in.
Five floors above West Milwaukee Street in Detroit, in the old home of General Motors design studio, a small company called Shinola is at work on a big dream. It is bringing high-end watchmaking back to the U.S.
Shinola makes high-end watches and bicycles and is building a factory in Detroit, reports CNBC's Mary Thompson. Workers will assemble the company's 65 different styles of watches there.
One company wants to put a new face on "Motown," reports CNBC's Mary Thompson
Are U.S. automakers back? Michael Ward, Sterne Agee auto analyst, explains why he is betting big on Detroit.
GM recalls some 2013 Buick LaCrosse and Cadillac SRX vehicles to fix a software issue that could increase the risk of a crash.
Standard & Poor's on Friday showed its support for Michigan's takeover of Detroit by upgrading the city's credit rating to "stable" from "negative."
Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.
Kevyn Orr, the attorney who managed Chrysler's 2009 bankruptcy, is reportedly Michigan Gov. Rick Snyder's top pick to be Detroit's financial emergency manager.
Michigan Governor Rick Snyder formally declared a fiscal emergency in Detroit. Doc Thompson, Detroit Talk Radio Host; Andrew McCarthy, former Federal Prosecutor; and Ari Melber, Nation Magazine, weigh in.
Nearly four years after taking over Chrysler, Sergio Marchionne is ready to take the Detroit automaker to the next level.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
GM says starting next year it plans to put 4G LTE technology into millions of its cars, trucks and SUVs in a move that will put “mobile” into automobile.