New York City Risks Larger Deficits Than Forecast [Getty Images]

The Citigroup (Citi) office tower stands in the Long Island City (LIC) section of Queens in this aerial photo taken over New York, U.S., on Wednesday, July 7, 2010. New York City, the third-largest U.S. municipal borrower, may face budget shortfalls as large as $5.1 billion next year, Comptroller Thomas DiNapoli said. Photographer: Keyur Khamar/Bloomberg via Getty Images

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