New York's Suffolk County tiptoes on the brink of bankruptcy with time running out to pay out...

|By:, SA News Editor

New York's Suffolk County tiptoes on the brink of bankruptcy with time running out to pay out hundreds of millions of dollars in short-term payments due later in 2012. The municipality will sell $90M in new debt and plans on laying off workers in an attempt to bridge the gap. Also on the brink: Stockton, CA (previous)