Live Breaking News & Updates on Recession Property

it s ridiculous. everything s at a standstill, it has not been dealt with correctly. as far as the cake shop that i work at, crust hearse make remarks, they don t even come in because they can t even find our door because the trash is piling over it. shannon: and speaking of the challenges facing our cities, a grouping number of big towns are running out of cash. the financial pinch so bad in some cases that city governments are responding with solutions ranging from the creative to the very harsh. rich edson from the fox business network is live in washington. hi, rich. reporter: in a recession property values fall, and to help their deficits state and local governments have raised taxes, cut services, and last year alone they shed about a quarter million jobs. now to the creativity part or the so-called creative part. one town stopped paying pensions to its retired workers, some cities are discussing a tax on ....

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