Oakland Community College owned a building which needed to be torn down, and raised $12,000 for scholarships to do so, reports CNBC's Michelle Caruso-Cabrera.» Read More
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.
Detroit may file for bankruptcy as soon as Friday, setting up what would become the largest municipal insolvency in U.S. history.
Freep.com has reported Detroit prepares to file for bankruptcy tomorrow.
If Detroit doesn't make a sweeping deal with creditors, it's expected to file for chapter 9 as early as this week. Alexandra Lebenthal, Lebenthal & Co., offers insight.
Sen. Chuck Grassley says IRS officials targeted political candidates for audits, and a major player in the Mexican drug trade has been caught. CNBC's Josh Lipton has tonight's headlines; and Retired General and former drug czar Barry McCaffrey, weighs in.
Detroit is $19 billion in debt, and in danger of becoming the country's municipal bankruptcy. What this means for the municipal bond market, with Steve Malanga, Manhattan Institute senior fellow; and Doc Thompson, The Blaze Radio.