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FOXNEWSW Fox News Reporting August 20, 2012

at a city there s nothing we can t accomplish. fox news reports cities going broke. reporting from wall street in new york city here is bret baier. we are going to take you inside an alarming trend cities that are in debt we win with america s financial nerve center. the first reason is simple some of the nation s most desperate cities are in trouble because of the millions they borrow from wall street. we saw that in a city buried under decades of debt. you would think it would have been run by the keystone cops. what is the fiscal situation now? we are insolvent. he is harrisburg s controller. my office is projecting we would have a $15 million deficit this year. i think we are going to struggle from paycheck to paycheck. we have $1.6 million healthhat paid and payroll every two weeks is a million dollars. there you go. if we make payroll next week and pie that bill we have no more money. harrisburg is deep in wall street and can t make the payments on milli

FOXNEWS Fox News Reporting August 20, 2012

when question come together at a city there s nothing we can t accomplish. fox news reports cities going broke. reporting from wall street in new york city here is bret baier. we are going to take you inside an alarming trend cities that are in debt we win with america s financial nerve center. the first reason is simple some of the nation s most desperate cities are in trouble because of the millions they borrow from wall street. we saw that in a city buried under decades of debt. you would think it would have been run by the keystone cops. what is the fiscal situation now? we are insolvent. he is harrisburg s controller. my office is projecting we would have a $15 million deficit this year. i think we are going to struggle from paycheck to paycheck. we have $1.6 million health insurance bill that needs to be paid and payroll every two weeks is a million dollars. there you go. if we make payroll next week and pie that bill we have no more money. harrisburg

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