Is in a spot of bother.
Ten thousand "migrants" a week are heading for New York.
New York, which declared itself a "sanctuary city" some time ago, is compelled to feed and try to house the vast number of migrants that are arriving there every week. (Compelled because of some local law passed seven years since).
The problem is that the cost of feeding and housing said migrants (aka illegal immigrants) is now approaching the billions.
Plus ordinary New Yorkers (who already pay some of the highest taxes in America) are leaving the city.
So as New York's costs go up, it's ability to meet those costs goes down; and now talk of bankruptcy is in the air.