Spectrum News New York: Business Sector Calls for Partnership in Economic Recovery, but de Blasio Focuses on Federal Bailout

Spectrum News New York: Business Sector Calls for Partnership in Economic Recovery, but de Blasio Focuses on Federal Bailout. “New York City is at the edge of a fiscal precipice: a multibillion-dollar budget hole thanks to the coronavirus and a still-undefined economic recovery effort from City Hall. George Arzt, who served as Mayor Ed Koch’s press secretary and is now a political consultant, recounted the early days of the Koch administration, with the crisis of the 1970s still in full swing and the city not yet recovered from near bankruptcy.”

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