The bankruptcy filing will wipe out more than $400 million of the company's long-term debt.
By Associated Press
The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous…
The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business.
By Anne D'Innocenzio, Associated Press
The Illinois House voted to override Gov. Bruce Rauner's vetoes of a budget package, giving the state its first spending blueprint in more than two years and ending the nation's longest fiscal stalemate since at least the Great Depression.
By John O'Connor and Sophia Tareen, Associated Press
Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the economy mired in a slump, the government is reducing public services, pensions are likely to be cut…
By Stephanie Joyce, Wyoming Public Radio and Leigh Paterson, Inside Energy
Peabody Energy, the country's largest coal company, filed for Chapter 11 bankruptcy protection Wednesday.
By PBS NewsHour
As Detroit schools slip toward bankruptcy, the Michigan state legislature approved almost $50 million in emergency aid to keep Detroit's public schools open through the end of this year. New York Times reporter Kate Zernike joins Megan Thompson to discuss.
By Mary Clare Jalonick, Associated Press
WASHINGTON — Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics.
By Alexandra Sarabia
Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning.
Support Provided By: Learn more
Educate your inbox
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.