On Aug. 24, the Biden administration announced its three-step process to cancel $10,000 in student debt for low- to mid-income individuals. A myriad of reactions from relief to anger indicated the plan was as ambitious as it was controversial; such an idea has circulated the U.S. political sphere from figures…
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Headlines: Detroit’s bankruptcy
On Jul. 18, 2013, Detroit officially filed for bankruptcy, but it was not until December of the same year that the city was approved to enter into a Chapter 9 bankruptcy, making Detroit the largest U.S. city to have filed and been approved. Chapter 9 bankruptcy aims to “[provide] for reorganization…
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