By Judy Hirst | 1 July 2011
The American economy is hurting, and the pain is being pushed down to local government level. As debt rows rage on Capitol Hill, how are US cities and states trying to balance their budgets? PF surveys the nationwide fiscal scene – and talks to Chicago’s city treasurer about making tough choices
The American economy is hurting, and the pain is being pushed down to local government level. As debt rows rage on Capitol Hill, how are US cities and states trying to balance their budgets? PF surveys the nationwide fiscal scene – and talks to Chicago’s city treasurer about making tough choices
Barack Obama’s recent state visit to London was judged quite a success by Number 10. Ping-pong, burger flipping – and reaffirmation of the ‘essential’ transatlantic relationship. What was not to like?
Next door though, at Number 11, the high-fiving was a bit less enthusiastic. Instead of the hoped-for thumbs up for the chancellor’s deficit-cutting strategy, all the US president would offer were a few measly words about ‘balanced approaches’ and each country doing things their own way.
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