Each week this year (with the exception of Thanksgiving and Christmas) we will examine the fiscal and economic health of one of the U.S. states. Our 49th state in this series is Utah. Here are the top five (or more) things you need to know about the Beehive State.
Yesterday federal judge Steven Rhodes ruled Detroit was eligible file bankruptcy. What did the judge say, what does it mean and how did the city get into this mess?
Today, Federal Bankruptcy Judge Steven Rhodes ruled that the city of Detroit would receive chapter 9 bankruptcy protection. When Detroit filed for bankruptcy in July 2013, it had an estimated $18 billion in financial liabilities.
The Thanksgiving week was relatively quiet on the economic statistics front. Of course, the most highly-anticipated piece of data was a non-governmental one: how did retailers do on Black Friday?
There were very few pieces of economic data released last week and those that were released revealed a mixed picture.