Another City Edges Closer to Defaulting A City of Hartford bankruptcy has become more likely, as municipal defaulting in the United States becomes more common.
An increasingly large number of U.S. cities and states are facing a looming crisis after a funding hold in public pension systems soared by $432.0 billion. This is raising fears that some of America’s biggest cities and most populous states could face a Detroit-style bankruptcy.
More Sears Stores to Close Sears announced at the start of the year that it would be closing 150 underperforming stores, but the gutting didn’t stop there, with 30 more quietly added to the list.
Budget Proposal Shows Large Reductions in Aid Programs The Rust Belt and the less-educated to suffer as a result of government cutbacks to Social Security and Supplemental Nutrition Assistance Program (SNAP), according to a study conducted for The Atlantic.
Uniquely American Brand Turns to Outsourcing Harley-Davidson Inc (NYSE:HOG), the motorcycle manufacturer known as an international American icon, has begun shifting its building focus to the East, opening up new factories in Asia in order to get around tariff barriers.