With Benefits At Risk, Coal Miner Union Rallies In Kentucky
Thousands of retired coal miners rallied Tuesday in Kentucky to call on Congress to protect their benefits as the industry struggles and operators seek bankruptcy protection from debts.
Category Archives: Bankruptcy
Bill divides coal-state Republicans
Sen. Mitch McConnell speaks on Capitol Hill in Washington. An election-year bill that would protect health-care and pension benefits for more than 100,000 retired coal miners is dividing coal-state Republicans.
Michigan Legislature OKs $617M bailout for Detroit schools
The Michigan Legislature narrowly a... . FILE- This Jan. 6, 2015 file photo, shows a vacant classroom at Southwestern High School in Detroit.
Donald Trump economics would ‘bankrupt America’, claims Hillary Clinton
Hillary Clinton says Donald Trump's economic policies are a "recipe" for lower wages, fewer jobs and more debt - warning union members that he could "bankrupt America like he's bankrupted his companies". The Democratic presidential candidate urged thousands of union workers gathered in Detroit to ask: "How can anybody lose money running a casino, really?" The presumptive Republican nominee's plan to deport millions of people living in the US illegally also drew Ms Clinton's ire.
Clinton hits Trump for string of casino bankruptcies
Hillary Clinton raised Donald Trump's record with bankruptcy as a warning about how he would handle the economy, in an appearance Monday before union members in Detroit. Trump has filed four business bankruptcies in the last 30 years, all of which surrounded his casino holdings in Atlantic City.
The Time Trump Revealed His IRS Returns, And He Paid Zero
If Donald Trump's career as a failed casino mogul in 1980's Atlantic City doesn't indicate sub-par business acumen, nothing does. His bankruptcies, a matter of public record, are brushed off as an aside that are inconsequential to his candidacy.
New legislation will allow Puerto Rico debt restructure
Debt-hobbled Puerto Rico will be able to restructure its debt in a bankruptcy-style arrangement under new legislation agreed by the US Congress and the White House Thursday. The "Promesa" legislation will place the US territory under a powerful oversight board that will be charged with overseeing fiscal and structural reforms aimed at stabilizing its finances.
White House, Congress reach deal on Puerto Rico rescue
That's according to a revised bill introduced by Congress shortly before midnight on Wednesday. The Obama Administration called this latest plan to solve the island's crisis "a fair, but tough bipartisan compromise."