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Detroit Emergency Manager Kevyn Orr

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In largest-ever US city bankruptcy, cuts coming for Detroit creditors

 A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and......

Retirees could bear brunt of Detroit bankruptcy

When Paula Kaczmarek moved to Detroit in 1978 to work for the city's public library system, a guarantee of good retirement benefits was a key sweetener that convinced her to leave her previous job......

Governor, emergency manager defend Detroit bankruptcy

 Less than 24 hours after Detroit filed the largest municipal bankruptcy in US history, the two men behind the historic action -- Michigan Governor Rick Snyder and Detroit Emergency Manager Kevyn......

Detroits' bankruptcy sends shockwaves across US

Detroit filed the largest municipal bankruptcy in US history on Thursday to seek relief for an estimated $18.5 billion in debt that has crippled the city that was once the hub of American......

Detroit files for largest-ever bankruptcy in US history

 Detroit filed the largest municipal bankruptcy in US history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the......

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