the attorney for the officer has offered condolences to the family. melissa: thank you so much for that trace gallagher. i am alyssa francis. it has been quite an hour. thank you for joining me. cap next is shep. managing blood sugar is a series of smart choices. and when you replace one meal. .or snack a day with glucerna. .made with carbsteady. .to help minimize blood sugar spikes. .you can really feel it. now with 30% less carbs and sugars. glucerna.
need to somehow renegotiate. what impact the city s plight could have on the presidential politics, if any appeared subjective. it sounds like fiscal imprudence we are seeing from the president. the general issue, the problems with the budget crisis, the first democrats more than republicans. not all cities are allowed to declare bankruptcy. harrisburg, p.a. filed a petition and rejected by a special court because the city did not meet requirements for bankruptcy protection. bret? bret: james, thank you. let s dig dipper. alyssa francis host of money on fox business network joins us from new york. good evening. hi, bret. this seems like a big deal. we have 12 cities across the country filed for bankruptcy. some 27 by our indicationsh records, are considering it or some move like it.
taxes, it s really hard for cities to figure out how they are going to get new revenues if you have something happen like what happened where the house price fell, developer fees dried up. they are struck with pretty strong union contract they need to somehow renegotiate. what impact the city s plight could have on the presidential politics, if any appeared subjective. it sounds like fiscal imprudence we are seeing from the president. the general issue, the problems with the budget crisis, the first democrats more than republicans. not all cities are allowed to declare bankruptcy. harrisburg, p.a. filed a petition and rejected by a special court because the city did not meet requirements for bankruptcy protection. bret? bret: james, thank you. let s dig dipper. alyssa francis host of money on fox business network joins us from new york. good evening. hi, bret. this seems like a big deal. we have 12 cities across the country filed for bankruptcy. some 27 by our i
the sea of red ink. first up, chief washington correspondent james rosen. everything important to my life i learned i learned in scranton. his hometown of scranton, pennsylvania, dear to president s heart cannot obscure how dire the financial crisis is. i can t pay money i don t have. the mayor, doherty, democrat, and the democrat controlled city council cannot agree how best to make up the $16.8 million in red ink the city faces leaving doherty to slash paycheck for the city 400 public employees to minimum wage level of $7.25 an hour. my members are suffering here. every day that goes by is another question mark for them in how they will meet the financial obligation to pay the mortgage. scranton public sector union sued the mayor for full pay and won. but doherty told fox news martha maccallum the city council passed a budget without funding it. now many see the city, sixth largeest in pennsylvania, once a powerhouse of coal and manufacturing activity hurdling t