A federal judge ruled Tuesday that Detroit, Michigan is indeed eligible for bankruptcy protection, giving the go-ahead to the once booming Motor City to move forward with plans to restructure more than $18 billion in debt. Amid reading excerpts from a lengthy decision of more than 140 pages, United States Bankruptcy Judge Steven Rhodes announced during Tuesday morning’s historic hearing that he... 

Protestors in Detroit last month objected to plans to cut pension benefits of city workers and retirees. The federal judge overseeing Detroit’s bankruptcy case says he will hold a hearing Wednesday to take up a request by the city’s emergency manager to put on hold state lawsuits challenging the bankruptcy filing. The new development comes as the legal wrangling over the bankruptcy of the city...