The deal worked out by the city's emergency manager, Kevyn Orr, includes shedding $7 billion in debt and borrowing hundreds of millions to implement the strategy.
President Obama and congressional leaders have lunch on Friday, a first step toward bridging differences after an election that saw power shift to the Republicans. Oh, to be a fly on the wall!
President Obama is meeting with congressional leaders at the White House on Friday. The general overseeing the campaign against militants from the Islamic State, also known as ISIS, will brief them.
Bans on same-sex marriage in Michigan, Ohio, Kentucky and Tennessee were confirmed by a federal court Thursday, reversing lower courts' decisions.
The Center for Public Integrity calculates that KTUU in Anchorage ran more U.S. Senate ads this cycle than any station in the country.
Robert Siegel talks to Denis McDonough, President Barack Obama's chief of staff, about working with the new Republican majority in the Senate.
In the wake of coast-to-coast defeats, Democrats are looking through the election returns for lessons.
Now that the Republicans control the House and Senate, they've got their eyes on the Affordable Care Act. Which parts will President Obama veto and which parts will he inevitably have to give up?
Melissa Block talks to New York Times reporter Coral Davenport about the impact of a GOP majority Congress on environmental policies.
House Speaker John Boehner will be a key player if the White House and the new Congress are going to get anything meaningful done.
In his first news conference since an overwhelming victory for Republicans on Tuesday, the House speaker also said approval of the Keystone XL pipeline was a key item on the GOP agenda.
On Wednesday, President Obama addressed the nation regarding his party's defeat on Election Day. Obama isn't the first president to acknowledge he shares in responsibility for the loss.
President Obama congratulated Republican Senator Mitch McConnell on becoming the likely Senate majority leader. Obama and McConnell promised to look for ways to work together, despite differences.
Voters in Washington, D.C., on Tuesday approved the legal use of marijuana for recreational purposes. Some residents say decriminalizing pot will lead to more illegal activity in their neighborhood.
The GOP takeover of the U.S. Senate was the big headline. But it also increased the number of state legislative chambers it controls, and added 3 new governorships, bringing that total to 33.
Republicans will control both houses of Congress, giving energy firms allies on Capitol Hill. Among the issues lawmakers may take up: the Keystone XL pipeline and lifting the ban on crude exports.
President Obama and presumed Senate Majority Leader Mitch McConnell talked about finding common ground, the day after Republicans won control of the Senate and picked up seats in the House.
Kentucky Republican Mitch McConnell is in line to go from the Senate's minority leader to majority leader. He will have a majority smaller than the one Democrat Harry Reid has enjoyed.
Steve Inskeep talks to demographic specialists about election results. They include: the Pew Research Center's Mark Hugo Lopez, Andra Gillespie of Emory University and Abby Kiesa of Tufts University.
The Democratic Party's last hope rests with Mary Landrieu, who is locked in a runoff with GOP Rep. Bill Cassidy. She survived rematches in 1996 and again in 2008.