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Banks still don't have realistic plans for an "orderly failure."
If one city doesn't pay up in full, does bond money dry up for everybody else?
The biggest, most-popular programs won't expand in 2014. They can't get new bikes.
Restructuring sounds scary because it's often associated with bankruptcy.
Half the bankrupt city's residents are delinquent on their water bills. Businesses, schools and the city itself owe more than $50 million in unpaid water bills.
If the judge approves, a new agreement could be a big step toward the city getting out of bankruptcy.
If the economy were soaring, bankruptcies might actually spike. Credit standards would loosen and people would take on more risks — and more debt.
Detroit's infrastructure problems grind on, despite bankruptcy.
Today, a US district court considers Detroit's request for bankruptcy protection.
As if Detroit doesn’t have enough money problems, now the cash-strapped city faces a huge bill from their bankruptcy lawyers.
