Why U.S. Cities Are Going Broke April 27, 2024 Unipro2013main USA </p> <h2>Why U.S. Cities Are Going Broke</h2> <p> Spending cuts are abound in many U.S. cities as inflation lingers and pandemic-era stimulus dries up. At least 53 major cities have debt obligations that outstrip their assets, according to an estimate from Truth in Accounting. The group estimates higher debt burdens than many public officials report, due to allegedly underreported retiree benefits. The rising public debt may potentially leave future generations on the hook for financial decisions made by today’s leaders.<br /> Why U.S. Cities Are Going Broke<br /> Credit to : CNBC</p> <p> Please support our Sponsors here :
