Jan 19 Here's what Congress can do about Puerto Rico's debt 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. Continue reading
Oct 05 American Apparel files for bankruptcy By Alexandra Sarabia Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning. Continue reading
Aug 22 Watch 9:49 Amid new austerity measures, Puerto Rico pushes to restructure debt By PBS News Hour As Puerto Rico continues to struggle under crippling debt, a push within the territory to amend U.S. bankruptcy laws to allow the commonwealth to restructure its debt is underway. Meanwhile, Puerto Ricans are searching for new areas of economic growth… Continue watching
Feb 03 Amazon, (maybe) coming to a RadioShack near you By Anna Sillers Amazon has entered into talks with the struggling RadioShack Corporation concerning the purchase of several of the electronic retailer's store locations, pending the company's expected bankruptcy filing. Continue reading
Nov 07 Watch Behind Detroit's 'grand bargain' to emerge from bankruptcy By PBS News Hour Nearly 16 months after Detroit filed the largest municipal bankruptcy in the country’s history, a federal judge approved a plan to drop the city’s $7 billion in debt and invest over $1 billion in public services. Hari Sreenivasan speaks with… Continue watching
Jul 22 Detroit workers vote 'yes' on city's debt plan By Andrew Troast Public workers and retirees voted overwhelmingly to back pension cuts in Detroit, in a sign of support for the city’s attempts to restructure after filing for bankruptcy last year. Continue reading
May 13 Detroit Institute of Arts says bankruptcy appraisals would harm 'irreplaceable' art By Chelsea Coatney On Tuesday, the Detroit Institute of Arts told a bankruptcy judge that allowing potential buyers to come into the museum for a “yard-sale-like” bankruptcy appraisal would be harmful to the 1,741 pieces of art currently hanging in the… Continue reading
Apr 17 Watch After threats of painful cuts, Detroit moves closer to deal to protect pensions By PBS News Hour Continue watching
Feb 08 Watch Saturday, February 8, 2014 By PBS News Hour On this edition, a rare alliance brings major drug companies together to fight serious diseases like diabetes and rheumatoid arthritis. Later, in our signature segment, a financially strapped city struggles to fulfill its obligations to retired public employees. And, a… Continue watching
Feb 08 Watch Cities in financial straits weigh bankruptcy By PBS News Hour A wave of bankruptcies is moving across the country as cities try to manage crushing debt from pension obligations. NewsHour Weekend reports from Vallejo, Calif., with a cautionary tale for cities that are looking to bankruptcy as the solution. Continue watching