Detailed text transcripts for TV channel - FOXNEWS - 20120825:02:14:00
Welcome back. as you havbi >> cities with big dreams dreamd big bills have come here to wall street for the cash to finance them. but even more towns are going broke, not by issuing bonds, but by issuing promises to public employee unions. that story has a new york angle, too. fox business new york's lou dobbs explains. >> but it's a good-natured sort of labor battle. it was in 1935 that president franklin roosevelt made it easier for workers in the private sector to create unions. and when he signed the wagoner act, he cemented and deepened political ties between organized labor and the democ...
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