1. The expert pointed to the city’s overspending and mismanagement by officials as the main cause of the crisis.
5. The city’s debt could be as much as $20 billion.
- The Democratic National Convention starts Monday and it's already off to a rocky start. Here's what you need to know 🇺🇸🔔
- Chris Froome has won the Tour de France. He's the first Brit to win the cycling race three times 🚴