The Boy Scouts File for Bankruptcy

The Boy Scouts of America filed for bankruptcy this week in the face of hundreds of lawsuits from men who allege that they were abused during their time in the scouts. Pro Rata producer Naomi Shavin and Axios reporter Courtenay Brown discuss how the bankruptcy filing will impact the creation of a compensation trust for victims and more. PLUS: The Fed signals it may cut rates and a new study on crowdfunding for medical bills.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  Axios Re:Cap is on hiatus until October 2021.