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Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.

Detroit Takes First Steps To Solve Debt After Bankruptcy Filing

The city proposes major cuts to pensions and possibly liquidating many of its assets.

Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.

Motor City Files For Municipal Bankruptcy

Abandoned buildings line the streets of a Detroit overcome by financial decline. (sneurgaonkar/Flickr Creative Commons)

Benjamin Li
Executive Producer

Detroit's lengthy struggle against economic decline finally ends with a petition for bankruptcy.