Send news tip to FOXNews.com

SUBMIT

New York City to Issue $2.5B in Notes

Saturday, September 15, 2001

New York City is about to issue $2.5 billion worth of notes in order to ensure it has the necessary budgetary resources while it recovers from Tuesday's deadly terrorist strikes. 

``We will try to get to the market as soon as practically possible,'' said Adam Barsky, the city's budget chief, after a briefing about the disaster recovery efforts by city officials. 

Barsky explained the city was working with the Federal Emergency Management Agency and other U.S. federal agencies, which are pumping the city with the cash it needs during this crisis. 

The overtime costs alone of keeping city emergency and other workers working as hard as possible will be enormous, he said. 

Since Tuesday's terror attack which toppled the World Trade Center where close to 40,000 people worked, police officers have been working 12-hour shifts. 

Police Commissioner Bernard Kerik said 4,972 people were still missing, but added there was still hope survivors may be found.

Reuters contributed to this report.


ADVERTISEMENT
Fox News Video
ADVERTISEMENT

FOX Biz Flash

  • FOX Biz Flash

    Exclusive digital wrap-up of the day's business headlines.

Advertise on Fox News Channel, FOXNews.com and FOX News Radio. Advertising Specifications (PDF). Jobs at FOX News Channel. Internships At Fox News (Deadline for summer applications: Feb. 29, 2008)

Terms of use. Privacy Statement. For FOXNews.com comments write to foxnewsonline@foxnews.com; For FOX News Channel comments write to yourcomments@foxnews.com

This material may not be published, broadcast, rewritten, or redistributed. © 2008 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.