$240

New York, Chicago, LA, Philly, Houston face $240 billion crisis. Pensions and health care debt spiral out of control

5 largest U.S. cities don’t have enough money to pay bills. At the end of fiscal 2024, all five cities didn’t have enough money to pay their bills despite having balanced budget requirements. In order “to claim their budgets were balanced, as is required by law in the five cities, elected officials” didn’t include “the …

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