Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits.» Read More
Ludovic Subran, chief economist and director of Economic Research at Euler Hermes, tells CNBC that France's competitiveness is at stake over pension reform.
Laurence Gottlieb, chairman and CEO of Fundamental Advisors, shares his thoughts on the municipal bond market after Detroit's bankruptcy and New York Mayor Michael Bloomberg's warning about rising debt.
GM cuts the price of the Chevy Volt, Mark Zuckerberg went in public support of the immigration reform, and Chicago's pension crisis deepens; Marcus Lemonis discusses.
Beneath the signs of recovery is one of the most poorly funded pension systems in the nation, threatening to challenge the city’s finances for years to come.
Bob Scott, partner at LCP, tells CNBC that the pension funds aren't about to run out of money.
Detroit's emergency manager has hired Christie's to appraise the art collection of the Detroit Institute of Arts Museum, reports CNBC's Robert Frank.
Republican candidate for New York City major Joe Lhota shares his plans for pensions, and discusses the biggest difference between him and John Catsimatidis.
Many governments have too much debt and "too generous public pensions," said Glenn Hubbard, the Columbia Business School dean who advised Mitt Romney's 2012 presidential campaign.
Detroit has $3.5 billion in unfunded pension obligations. State Attorney General Bill Schuette represents both Governor Snyder in the bankruptcy case, as well as the pensioners to protect their benefits, reports CNBC's Scott Cohn.
If the bankruptcy court allows Detroit to cut pensions, other cities and states may also try to take that route, an investment manager to pension plans warns.
Verne Sedlacek, Commonfund president & CEO, discusses the problem of underfunded pensions, and why it will continue to be an issue for the next decade.
Simon Harris, managing director of the EMEA Insurance Team at Moody's, tells CNBC that the demand for life insurance and pensions will be pressured in the near term.
Meredith Whitney, CEO of Meredith Whitney Advisory, weighs in on Detroit's Chapter 9 bankruptcy.
Detroit's bankruptcy is full steam ahead, reports CNBC's Scott Cohn. Reuters says the Michigan Appeals Court has halted the challenges to Detroit's bankruptcy filing.
Detroit has paid about $20 million in consulting contracts including Kevin Orr's law firm, and labor unions are wondering why the city is too broke to pay its retirees' pensions. CNBC's Scott Cohn digs into the battle, with Don Peebles of The Peebles Corporation.
Pierre Moscovici, French finance minister, discusses possible pension reform in France and stresses that "social dialogue" with the people will be crucial to take the "right" decision.
Pierre Moscovici, French finance minister, discusses the possible reform on pensions in France and highlights that the legal age and effective age of retirement are different.
CNBC's Kelly Evans shares her thoughts on the impact of a low rate environment on retirement benefits.
John Liu, New York City comptroller, discusses the fund's record setting performance and Eliot Spitzer's run for comptroller.
Michel Barnier, European commissioner for internal market and services, highlights the need for the U.S. and E.U. to regulate their financial sectors.