With the federal debt at $16 trillion, the fate of the nation's cities stands at a crossroads. While cities like New York appear to be doing better than ever, a rising tide of poverty and inequality threatens to undermine their progress. Meanwhile, a large group of second-tier cities, from Detroit and St. Louis to Stockton and San Bernardino, are besieged as never before.
Read MoreTwo years after Lehman Brothers filed for bankruptcy and the US economy slid into its Great Recession, can New York and the nation depend on a stable financial sector and more effective government oversight?
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