IE 11 is not supported. For an optimal experience visit our site on another browser.

R.I. city 5th in US to file for bankruptcy

The motto for Central Falls, R.I., is “A City With a Bright Future,” but that future looks dim as the town has taken the extremely rare step of filing for bankruptcy protection. Gina Raimondo, the general treasurer of Rhode Island, discusses the city’s financial woes with msnbc’s Contessa Brewer.