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Los Angeles is Broke – City Declares Fiscal Emergency
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Los Angeles is Broke – City Declares Fiscal Emergency

by Martin Armstrong, Armstrong Economics: The city of Los Angeles declared a state of fiscal emergency amid a $1 billion deficit. The council approved of the emergency declaration unanimously in a 14-0 vote. This comes after Mayor Karen Bass approved a $14 billion budget for the fiscal year that began on July 1. The city […]
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