- Beretta moving to Tennessee over Maryland gun laws
- Neal Boortz defends Hillary Clinton for representing child rapist
- House task force to recommend National Guard on border, faster deportations
- Top federal judge uses pizza to explain complex Obamacare situation
- Obama, Biden overhaul job training programs
- Drought-plagued Californians turn to paint to keep lawns green
- ISIL now forcing Iraqi shopkeepers to veil mannequins in Mosul
- 11 parents of Nigeria’s abducted girls die
- Genetic mapping triggers new hope on schizophrenia
- Turkish P.M. Erdogan won’t speak to Obama, but he’ll take calls from Biden
Topic - Richard Ravitch
The former lieutenant governor who helped New York City avoid bankruptcy in the 1970s is warning that cities around the U.S. can expect more fiscal troubles in the years ahead.
Former New York Lt. Governor Richard Ravitch is returning to Albany to discuss the financial challenges facing local governments.
A former New York lieutenant governor was among the candidates interviewed Friday as a possible expert in the Detroit bankruptcy case.
A judge overseeing Detroit's bankruptcy is interviewing experts to advise him in the case, including former New York Lt. Gov. Richard Ravitch.
U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as law enforcement, local schools and transportation, a report released Tuesday said.
"I think you're going to see a lot more fiscal stress," Ravitch said during a meeting with reporters Wednesday at the Statehouse.
"The incentives for people in politics to borrow and to sell assets to balance budgets are overwhelming," he said. "If people had stopped lending Detroit money years ago it would have been a hell of a lot easier to solve it."