The Daily Docket: Detroit Makes Its Case

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

General Motors is trying to fend off a bid by California officials for state-court review of their case over the massive recall tied to faulty ignition switches. Read the Daily Bankruptcy Review story in The Journal.

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A federal agency on Tuesday certified the union that represents American Airlines’ flight attendants as the bargaining agent for the US Airways attendants as well, WSJ reports.

Switzerland’s financial regulator said it is probing the role of the Swiss bank tied to Portugal’s Espírito Santo Group, says WSJ.

Philadelphia magazine examines Donald Trump’s self-proclaimed wisdom “getting out” of Atlantic City before the city’s recent troubles and finds Mr. Trump’s claim wanting.

The FT’s Martin Wolf says Argentina’s holdout creditors give vultures a bad name.

After years of losses that led to the demise of FX Concepts, hedge funds specializing in foreign-exchange are showing signs of rebounding, Bloomberg reports.

Turnaround experts from AlixPartners and FTI Consulting are among those being considered to lead the restructuring of Puerto Rico’s troubled power authority PREPA, Reuters writes.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.