Analysts: Debt could drown states, cities

Analysts: Debt could drown states, cities
NEW YORK TIMES CHICAGO — Two years after the subprime mortgage crisis seriously damaged the economy, another debt crisis is brewing that could prove even bigger and more debilitating. States and cities across the nation have run up huge debts — several trillion dollars worth, much off the books — and the portion coming due the next few years is rising. Financial analysts fear that even when the …
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