Skip to main content

labor

In Largest-ever U.S. City Bankruptcy, Cuts Coming for Detroit Creditors, Retirees

BY JOSEPH LICHTERMAN AND BERNIE WOODALL Reuters
Harold Schaitberger, general president of the International Association of Fire Fighters based in Washington, said, "Going forward, this is as much about politics and the priorities of public officials as it is about bankruptcy and the court." Schaitberger said that elected officials in the United States are expected to continue to "push for austerity no matter the cost to the lives of workers and public safety."

labor

Detroit Union Files Challenge to City's Bankruptcy Petition

Joseph Lichterman and Bernie Woodall Reuters
The American Federation of State, County and Municipal Employees Council 25 said Detroit, which last month filed for what would be the largest-ever U.S. municipal bankruptcy, has not proven it is insolvent and has not negotiated in good faith with its creditors. In a filing with the U.S. Bankruptcy Court in Detroit, the union said it was also challenging the constitutionality of Chapter 9 of the federal bankruptcy code, arguing that it encroaches on states' rights.
Subscribe to Kevyn Orr