03/31/2012 01:00 pm ET

Recession Pushes Municipalities To The Brink In What Is 'Truly A New Era'

PHILADELPHIA -- Amid all the sobering discussions of what happens when cities run out of money, fiscal sleight of hand and time, the most telling detail at a conference on distressed municipalities here last week just might have been the one about the fire truck that was the wrong color.

Read more on The New York Times