{"id":41385,"date":"2013-12-04T19:46:38","date_gmt":"2013-12-04T19:46:38","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/detroit_eligible_for_nations_largest_municipal_bankruptcy_filing_federal_ju\/"},"modified":"2013-12-04T19:46:38","modified_gmt":"2013-12-04T19:46:38","slug":"detroit_eligible_for_nations_largest_municipal_bankruptcy_filing_federal_ju","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=41385","title":{"rendered":"Detroit eligible for nation\u2019s largest municipal bankruptcy filing, federal judge rules"},"content":{"rendered":"<p>A federal bankruptcy judge granted Detroit unprecedented powers Tuesday to shed billions of dollars in debt, including the ability to slash city employee pensions despite a state constitutional provision protecting them.<\/p>\n<p>In approving the nation\u2019s \u00c2\u00adlargest-ever municipal filing, Judge Steven Rhodes cleared the way for Detroit\u2019s emergency manager to develop a plan to reorganize the city\u2019s estimated $18 billion in debt. Beyond cutting worker pensions and retiree health benefits, the city could stiff bondholders and sell city assets such as its water and sewer authority and its priceless art collection.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/business\/economy\/detroit-eligible-for-nations-largest-municipal-bankruptcy-filing-federal-judge-rules\/2013\/12\/03\/aa099fc6-5c40-11e3-be07-006c776266ed_story.html?hpid=z3\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal bankruptcy judge granted Detroit unprecedented powers Tuesday to shed billions of dollars in debt, including the ability to slash city employee pensions despite a state constitutional provision protecting them. In approving the nation\u2019s \u00c2\u00adlargest-ever municipal filing, Judge Steven<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=41385\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,615,582,589,149,168,600,597,114,151,585,596,34],"tags":[],"class_list":["post-41385","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-city-government","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-law-legal-issues","category-politics-in-general","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/41385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41385"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/41385\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}