CNBC's Jane Wells talks to Mayor Villaraigosa and author Joel Kotkin about the city's self-inflicted budget crisis and whether Los Angeles should, perhaps, go bankrupt. Villaraigosa vows there is no scenario in which the city goes bankrupt.
Will Los Angeles go broke?
More by Kevin Roderick:Standing up to Harvey Weinstein
LA Times gets a top editor with nothing but questions
LA Observed Notes: Harvey Weinstein stripped bare
LA Observed Notes: Photos of the homeless, photos that found homes
Recent Politics stories on LA Observed:David Ryu and candidate Mike Fong
Tronc buys (NY) Daily News, La Tuna fire aftermath and more
Helping in Houston, new lion cubs, Garcetti's back
Garcetti has weekend date in the Hamptons
Garcetti hitting the road to New Hampshire
LA Confederate monument coming down
LA Observed Notes: Back from vacation and into the fray
Rendon fights for neglected Southeast