What we’re watching Wednesday
Obama seeks to ease U.S.-Pakistan tensions
Pakistani Prime Minister Nawaz Sharif meets with President Barack Obama for talks about the two countries’ relationship now in a post-Afghan war world. Their discussions will likely focus on U.S. drone strikes along the Afghan-Pakistani border.
Fixing problems with insurance marketplaces
Nonprofit insurance companies, which were supposed to encourage competition, are in financial danger. The Washington Post reports the co-ops’ failure could “leave taxpayers potentially on the hook for nearly $1 billion in defaulted loans and rob the marketplace of the kind of competition they were supposed to create.”
Court convenes to determine Detroit bankruptcy eligibility
Union lawyers disputing Detroit’s decision to file Chapter 9 bankruptcy will deliver testimony before a U.S. bankruptcy judge to determine if the Motor City meets the legal criteria to file. The city is now at least $18 billion in debt. The Detroit Free Press live blogs from the courthouse.