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Planet Money — The year NYC went broke
Not scored yet31m·2025-10-15·Business

The year NYC went broke

Planet Money

In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy —…

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