Statement: Sub-Committee on Economic Stabilization of the House Committee on Banking and Currency on the Crisis in New York City

Al Shanker discusses the current economic crisis in New York City. He states that much of the blame lies with the federal government for its poor policies toward New York City and for the fact that percentage wise New York City gets less federal funding than other cities and states in the country. Shanker urges the House to pass a bill to help right the situation by creating public employment opportunities.

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