Cities in financial straits weigh bankruptcy

Aired: 2/8/2014 | 0:08:55 | Clip
A wave of bankruptcies is moving across the country as cities try to manage crushing debt from pension obligations. NewsHour Weekend reports from Vallejo, Calif., with a cautionary tale for cities that are looking to bankruptcy as the solution. Funding for this segment is provided in part by the Linda and John Arnold Foundation.