Consumer Law

New York City could be headed for bankruptcy

New York City could be headed for bankruptcy. 

“The city is running a deficit and could be in a real difficult spot if we had a recession, or a further flight of individuals because of tax reform,” Milton Ezrati, chief economist of Vested, a financial communication agency. “New York is already in a difficult financial spot, but it would be in an impossible situation if we had any kind of setback.”


Read the source article at Fox News

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