A U.S. bankruptcy judge on Thursday indicated that he's leaning in favor of a allowing American Airlines to emerge from bankruptcy, clearing a major obstacle to the carrier's planned merger with US Airways.
Detroit's emergency manager, Kevyn Orr, defended his decision to take the city into bankruptcy. The most contentious issue regarding the city is what bankruptcy protection could mean for the pensions of some retired city workers.
In a blunt interview with All Things Considered's Robert Siegel, Orr said that saying retirees will receive no money is false.
"We're just talking about adjusting them to today's realities," said Orr.