NEW ORLEANS ON THE VERGE OF BANKRUPTCY

Highlights:

• New Orleans is one of the hardest-hit cities
• It misses out on the benefits of the $2 trillion stimulus package as it is 100,000 residents less than the minimum residents required for the package to be applied for

The state of New Orleans is facing two glaring issues at hand: One is a deficit severe enough for the Mayor LaToya Cantrell to admit that publicly and the second one is t....