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Cities, States Face Tough Choices on Debt Amid Cash-Flow Concerns

Read the Transcript: http://to.pbs.org/dFZG5h Wall Street investors and some in Congress recently have raised concerns about the risk of cash-strapped municipalities defaulting on bonds they issued. Judy Woodruff talks to the National League of Cities' Chris Hoene and Richard Larkin of Herbert J. Sims and Company, an investment banking firm, about the risks of default.
Length: 08:23

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