CNBC's Scott Cohn has the latest details on whether a judge agrees the Motor City is eligible to get rid of its debt.
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 talks with Sharon Levine, AFSCME attorney about why the unions will be going to the district courts to appeal today's ruling.
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.
A federal judge has ruled that Detroit can proceed with its bankruptcy case. CNBC's Scott Cohn reports what that means for the 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 reports on the pending decision of a federal bankruptcy judge to decide if Detroit is eligible for chapter nine protection.
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.
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. Jessalyn 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.
CNBC's Scott Cohn has the latest details on today's ruling that the Motor City can file for Chapter 9 bankruptcy protection and the slew of lawsuits that are sure to follow.
CNBC's Scott Cohn reports how the United States ranks in Transparency International's survey on the least and most publically corrupt countries.
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.
CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.
CNBC's Scott Cohn reports on major budget cuts for police officers in Trenton, NJ including 105 layoffs in the state's capital plagued with a drug and violence epidemic.