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Debt Latest News: Advanced G20 Countries Ready to Commit to Debt Goals After 2016

Wochit 0:51 mins

A senior G20 official said advanced G20 economies are ready to commit to numerical targets for public debt reduction after 2016 to boost investor confidence and create better conditions for economic growth. A Michigan judge ordered Detroit's state-appointed emergency manager to withdraw the federal bankruptcy petition he filed for the city. This-automobile-capital could within days become the country's largest-ever municipal bankruptcy case, people familiar with the matter said, as the city's emergency manager accelerates his plan for restructuring nearly $20 billion of long-term liabilities.

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