Tag Archives: bankruptcy

Cities aren’t the only ones facing major pension costs

While my focus here on Budget Crunch is public agencies’ financial woes, I thought that to be fair I provide a bit of context that I have recently gained while covering corporate business news at Business Insider. Since I started … Continue reading

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Debt is another nasty four letter word for Jefferson County, Alabama

From Europe to Washington D.C., one four little world seems to be on most politicians’ minds. Debt. Enter Jefferson County, Alabama, which facing a crippling $3 billion in debt, last week entered the largest municipal bankruptcy filing in U.S. history … Continue reading

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You’re not the only one who can’t pay your bills

In one Pennsylvania city, plans to replace an aging trash incinerator left them flat broke. On Tuesday, the Harrisburg City Council voted to 4-3 to file for Chapter 9 bankruptcy — a last ditch effort to write down nearly $300 … Continue reading

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