US Airways have filed the first paperwork to begin the process of taking over American Airlines, which is currently in Chapter 11 bankruptcy protection.
The city of Miami must close a $62 million deficit in the 2012 budget. The first of two public hearings is set for Thursday night and city leaders hope agreements reached with three of four unions may help bring the city closer to a balanced budget.
The budget battle is heating up for the City of Miami, and the city has an ultimatum for its unions: renegotiate contracts or face big cuts.
Miami City Manager Johnny Martinez declared a financial urgency late Monday afternoon. Martinez’s declaration is a sign that he wants to renegotiate the union contracts with the police and fire fighters.