A report commissioned by the City Council of Baltimore, Maryland, produced some rather grim results: unless the current economic trajectory that the metro is on is reversed or altered, chronic budget deficits could force the local government to the brink of bankruptcy.
Set to kick in on March 1, the billions of dollars worth of domestic and defense spending cuts could pose serious problems for the nascent recovery still taking place in the U.S. economy.
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Due to a difficult economic climate and deteriorating personal finances, more Americans are reportedly delaying their retirement plans by at least several years, according to a new study from The Conference Board.