Treasury Secretary Jacob Lew urged Congress to act swiftly on raising the debt ceiling saying it was necessary to preserve the nation's credit rating and citing uncertainty over how long the U.S. will be able to continue to pay its bills.
Legacy costs, including pension contributions, retiree health benefits and debt service, will hang over the next New York City mayor like a sword of Damocles.
Photos from The Bond Buyer's 2nd Annual Symposium on Distressed Municipalities, held March 18-19 at the Omni Providence Hotel in Providence, Rhode Island.
across the site?
