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PBS NEWSHOUR

Cities in financial straits weigh bankruptcy

  • Aired: 02/08/2014
  • 08:55
  • Rating: NR
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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Cities in financial straits weigh bankruptcy
Cities in financial straits weigh bankruptcy
A wave of bankruptcies is moving across the country as cities try to manage pension debt.
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