New York City could be headed for bankruptcy, according to financial analysts who see warning signs of fiscal disaster. “New York is already in a difficult financial spot, but it would be in an impossible situation if we had any kind of setback.”UBER PASSENGER SHOT, KILLED BY BICYCLIST IN NEW YORK CITY, POLICE SAYThe Post reported that long-term debt is now more than $81,100 per household in New York City. Andrew Cuomo’s preliminary budget has $600 million in city cuts in the coming year, the news outlet reported. “New York City could go bankrupt, absolutely,” said Peter C. Earle, an economist at the American Institute for Economic Research. “In that case, the city would get temporary protection from its creditors, but it would be very difficult for the city to take on new debt.”Click for more from The New York Post.

Source: Fox News March 12, 2019 21:45 UTC