Cities in financial straits weigh bankruptcy
Clip: 2/8/2014 | 8m 55s
A wave of bankruptcies is moving across the country as cities try to manage pension debt.
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.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
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Cities in financial straits weigh bankruptcy
Clip: 2/8/2014 | 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.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...