By Luis Ferre-Sadurni, Jeffrey Mays and Jesse McKinley, includes “The coronavirus pandemic has plunged New York City into the most dire fiscal crisis it has faced in generations. … The grim outlook has forced top officials to contemplate a maneuver that has been inconceivable ever since it brought New York to disrepair and the brink of bankruptcy in the 1970s: allowing the city to borrow billions of dollars to pay for its basic operating expenses. …” (Note: Did “the virus” do this?)
Read the full article on: The New York Times