CNBC's Rick Santelli and Holman Jenkins Jr., Wall Street Journal business columnist, discuss Detroit's bankruptcy decision and what other cities can learn from the ruling.» Read More
CNBC's Rick Santelli and Alexandra Lebenthal, Lebenthal and Company, share the impact bankruptcy has on municipal bonds in your city or state.
A federal judge has ruled that Detroit can proceed with its bankruptcy case. CNBC's Scott Cohn reports what that means for the city.
NEW YORK, Dec 3- Bankrupt mortgage lender Residential Capital LLC has struck a deal with a class of bondholders to resolve the group's objection to its plan to exit bankruptcy. A hearing to outline the settlement was scheduled for 2 p.m. EST in the U.S. Bankruptcy Court in New York.
NEW YORK, Dec 3- Bankrupt mortgage lender Residential Capital LLC has struck a deal with a class of bondholders to resolve the group's objection to its plan to exit bankruptcy, according to a source familiar with the matter.
Despite huge protests, a judge is allowing the Motor City to proceed with filing for Chapter 9 bankruptcy, reports CNBC's Scott Cohn. The filing should buy the city considerable relief from its creditors, reports Cohn.
WASHINGTON, Dec 3- U.S. banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them, a top Federal Reserve is set to tell lawmakers on Tuesday.
The long-awaited decision makes the city the largest American municipality to qualify for bankruptcy protection.
DETROIT, Dec 3- A U.S. judge ruled on Tuesday that he will not stay the Detroit bankruptcy proceedings in the wake of any possible appeals. Judge Steven Rhodes ruled that any motion for direct appeal to the U.S. 6th Circuit Court must be filed separately.
CNBC's Scott Cohn talks with Sharon Levine, AFSCME attorney about why the unions will be going to the district courts to appeal today's ruling.
It's official, Detroit is the largest municipal bankruptcy filing in U.S. history, reports CNBC's Scott Cohn, with the latest details of the judge's ruling from the Motor City.
CNBC's Scott Cohn reports the judge in Detroit's bankruptcy case says the city did not allow enough time to negotiate with creditors.
CNBC's Scott Cohn has the latest details on whether a judge agrees the Motor City is eligible to get rid of its debt.
CNBC's Scott Cohn reports U.S. Bankruptcy Judge Steven Rhodes is saying Federal bankruptcy law allows for the alteration of contracts, which includes pensions. The judge is not necessarily allowing for deep pension cuts. Jessalynn Moro, Fitch head of U.S. local governments, provides insight.
CNBC's Scott Cohn reports U.S. Bankruptcy Judge Steven Rhodes continues to issue his ruling on Detroit's request for bankruptcy. Rhodes said nothing in Federal law distinguishes pension debt from other debt.
CNBC's Scott Cohn reports U.S. Bankruptcy Judge Steven Rhodes continues to issue his ruling on Detroit's request for bankruptcy.
CNBC's Scott Cohn reports on the pending decision of a federal bankruptcy judge to decide if Detroit is eligible for chapter nine protection.
A judge is expected to announce whether Detroit can get rid of $18 billion in debt in the largest public bankruptcy in U.S. history.
If Rhodes rules Detroit is eligible for bankruptcy, which most experts expect, the city will begin working toward its next major move, the submission of a plan to readjust its more than $18 billion in debt.
CNBC's Scott Cohn and Lawrence Weiss, Tufts University professor, take a look back at the collapse of Enron twelve years ago and weigh in on what would have saved the company.
"Lots of businesses have had a longer runway to recover," says AlixPartners CEO Fred Crawford, in discussing corporate America's health amid "easy money."