Page 2 - Karin Kramer News Today

This guy is saying we are talking $2 trillion just in the pensions alone. >> reporter: its been a big, big story. we followed the money almost nightly. we had a graph i can about a pension bomb, a bomb overhanging the economy ready to explode. $2 trillion. we heard estimates up to $3 trillion. the piece you are referring to, meredith whitney said there could be between 50-100 high 4 profile municipal defaults due to pension obligations going forward, towns, municipalities, and states owe employe...

A live update from wowsh washington on the status of this vote is moments away. another fox news alert. there are new warnings from a prominent democrat about a new financial catastrophy for state government. $2 trillion in pension short falls are being projected now. $2 trillion in pension short falls. that is the alert from arin kramer. he says retirement benefits and medicaid are sinking coast to coast. they are likely headed for severe cuts. eric bolling is anchor of follow the money" on the...