Detailed text transcripts for TV channel - FOXNEWS - 20120713:14:01:00
Critically important to how much money it can borrow and how it can pay its employees. 75% of that budget goes to public employees, particularly police and firefighters. they will not be able to meet their budget next month. the situation is really pretty dire there. the fact this has escalated to a criminal probe, really shocking. bill: it's the third city, san bernardino, mammoth lakes and stockton. in either of the other cases there was no suggestion of criminal doing. >> no, this is a new turning point in what has become a multicity, multi-state problem with not enough taxpayer dollars com...
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