Part 1/8:
The Brewing Financial and Social Crisis in New York City
New York City is teetering on the edge of an unprecedented financial catastrophe. As of October 2nd, the city faces an staggering debt of $108 billion, with a mere $18 billion owed specifically by the city itself. Despite federal grants totaling $10 billion annually, and an additional promised $18 billion from the federal government for a tunnel project under the Hudson River, the city's fiscal health appears to be unsustainable.