Louisiana Gov. Bobby Jindal's top financial adviser on Tuesday defended the administration's proposal to hire a private company to run a state worker and retiree health insurance program, rebutting complaints the privatization would boost health care costs to generate short-term cash for the budget. Full story
Rev. Jesse Jackson and Michigan’s black lawmakers say they are preparing to challenge the state’s emergency financial manager law in court. State Rep. Fred Durhal of the Legislative Black Caucus outlines the plan.
Rachel Maddow takes a look at one of the effects of the emergency financial manager law, particularly on a remarkable Detroit high school that faces possible closure.
Education software company Blackboard Inc. said Tuesday that it has retained Barclays Capital as a financial adviser to consult in takeover talks. Full story
Detroit faces a possible state takeover if the city can't find $200 million in savings and show signs of improving financially during the upcoming fiscal year, Mayor Dave Bing warned the City Council during his annual budget presentation on Tuesday. Full story
Though a lockout has been threatened for years, roughly 380 NFL players live paycheck to paycheck, resulting in a union soft spot that team owners could try to exploit. Full story
Financial consultant David Murray and financial adviser Jonathan Murray discuss the realities of being forced into retirement and what many Americans should be doing to safeguard their funds.
Financial advisor discussing finances with client
