A bankruptcy filing by New Orleans’ Roman Catholic archdiocese freezes sexual abuse lawsuits and could help bury the details of alleged cover-ups of predator priests and thousands of internal emails.
By Jim Mustian, Michael Rezendes, Associated Press
A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest…
By Michael Liedtke, Associated Press
Even as current support programs fall short of meeting retiree needs, Social Security, Medicare and Medicaid spending for older Americans is projected to take an ever-larger bite of total federal spending.
By Philip Moeller
Kevin Orr, who was appointed to oversee all Detroit's finances in March 2013, told Reuters on Wednesday that his experience with the Motor City's bankruptcy case has made him rethink ever becoming a politician.
By Ellen Rolfes
In other news, the House voted overwhelmingly to rein in credit card companies, and the Senate defeated a measure to give homeowners relief in federal bankruptcy court. In Iraq, British troops handed command of Basra to U.S. forces.
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