detroit debt

Business
Orr's departure returns complete control of Detroit to Duggan and the nine-member city council. However, the city will have
Business
“Every transaction -- including this one -- that the city has entered into in connection with these swaps … has been with
Chicago
Talk of Detroit is all the rage these days, and not because their American League baseball team is far superior to ours. It's the talk because it's the largest U.S. city to have declared bankruptcy and the rest of the nation should be watching to see how that all turns out.
Detroit
Detroit's crisis is being closely watched by U.S. debt markets. It did not immediately affect the $3.7 trillion U.S. municipal
Detroit
By Steve Neavling Orr has insisted that a negotiated settlement with creditors and other stakeholders will be preferable
Detroit
Assured also insures exposure to $321 million of Detroit's general obligation and general fund debt. Even before Orr's report
Detroit
A similar situation has played out in the Jefferson County bankruptcy. A unit of Britain's Lloyds Banking Group and French
Detroit
April 25 (Reuters) - An agreement between Detroit and state of Michigan officials provides "a strong framework" for dealing
Detroit
"They still control how we spend these dollars," said Council Member Saunteel Jenkins. "It doesn't need to be connected to
Detroit
The city, which is expected to run out of cash this spring, has just over $1 billion of outstanding GO debt, according to
Detroit
Some members called for big funding cuts to the city's cultural institutions and recreational centers and privatization of
Detroit
When we fail to fix the structural costs and deliver a workable plan-of-action to pay down our debt in the City of Detroit, we jeopardize future prosperity. We must transform a spendthrift culture to one of fiscal responsibility.