National

News > National > Detroit Bankruptcy Trial Is Being Postponed

Detroit Bankruptcy Trial Is Being Postponed

(Detroit, MI) -- Detroit's attempt to get out of the largest municipal bankruptcy in U.S. history is being postponed for a second time. A federal judge ruled today that the trial will begin on the Friday before the Labor Day holiday on September 2nd. The main reason for the delay is due to the complicated settlement resting on the five-billion dollar tender offer of the city's water and sewer revenue bonds. U.S. Bankruptcy Judge Steve Rhodes will have to decide whether or not Detroit's plan to adjust 18-billion of debt is fair.

National

(New York, NY) -- An apparent gas explosion is responsible for leaving three buildings reduced to rubble and a...
(New York, NY) -- New York City fire officials now say 19 people are hurt following the East Village explosion...
(Austin, TX) -- A federal district court will put a hold a U.S. Labor Department rule regarding medical leave for...
(Wasington, DC) -- The Senate is in complete agreement when it comes to imposing sanctions on Iran if it violates...
(Undated) -- A Germanwings co-pilot who managed to lock the captain out of the cockpit is being blamed for the...