LA mayor: $800M deficit, layoffs coming, seeking bailout

Los Angeles Mayor Karen Bass announced Monday the city faces a $800 million deficit, plans on laying off 1,647 staff, is seeking a state bailout and has “identified new revenue.”

Bass blamed the Trump administration and the economy for falling revenue.

“Cities like ours are going through challenging economic times across the nation,” said Bass. “Turmoil and uncertainty from Washington and a slowing economy are causing lower revenue projections.”