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Antonio Villaraigosa on Budget & Economy

Cut city spending to balance budget; keep essentials

Supports higher debt ceiling to avoid government shutdown

Mayors across the country unanimously resolved that an agreement must be reached to increase the debt ceiling and prevent the nation from defaulting. This can only happen if both Houses and both parties work together with the understanding that sacrifices must be shared. The only long-term solution to our economic crisis is a national investment policy that balances both the needs of deficit reduction and job creation.