PBS NewsHour

Cities in financial straits weigh bankruptcy

Clip: 02/08/2014 | 8m 55s

A wave of bankruptcies is moving across the country as cities try to manage crushing debt from pension obligations. NewsHour Weekend reports from Vallejo, Calif., with a cautionary tale for cities that are looking to bankruptcy as the solution. Funding for this segment is provided in part by the Linda and John Arnold Foundation.

Aired: 02/08/14

Rating: NR

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