Sixty-one of the largest U.S. cities in the nation came out of the Recession facing a gap of more than $217 billion between the pension and health care benefits they promised to pay workers and the funds they saved to pay those bills, a new report by the Pew Charitable...
Budget & Finance
PEW: 61 City Retirement Systems Faced $217B Gap in Fiscal 2009
JAN 16, 2013 4:58pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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