Which Way, L.A.?
Will Democrats Lose the Congress, LA Its Neighborhood Councils?
The City of LA took another hit to its credit rating today. Will Neighborhood Councils be a financial casualty? Unemployment, bank bailouts and government gridlock have created a nightmare scenario for the party in power. On our rebroadcast of To the Point, will the Democrats lose control of either the House or the Senate in this mid-term election year?
By Warren Olney • • 51m ListenAs Los Angeles' credit rating gets a downgrade, we look at Mayor Villaraigosa’s plan to save money by cutting the staff for Neighborhood Councils. Unemployment, bank bailouts and government gridlock have created a nightmare scenario for the party in power. On our rebroadcast of today's To the Point, will the Democrats lose control of either the House or the Senate in this mid-term election year? Is Republican Scott Brown really bipartisan? Is Barbara Boxer in trouble?
In this episode
2 storiesAre the Democrats Going to Fall Out of Power?
Last month, when the Wall Street Journal and NBC News asked voters which party they liked best, Democrats and Republicans tied with 41% each. That's a change from the pattern of recent years, when Democrats have come out ahead in so-called "generic" polls.
Read the story38 minDoes Villaraigosa Want to Do In DONE?
First it was Moody's, which put the City of Los Angeles on its negative watch list. Today, Standard & Poor's downgraded LA's credit rating from AA to AA-minus. That means it'll cost millions of dollars more to operate on borrowed money.
Read the story13 min