LA's Spending Freeze

Ken Jeffries talks with veteran Daily News City Hall reporter Rick Orlov, who says that with LA's cash flow drying up and its credit rating dropping, Mayor Antionio Villaraigosa and City Controller Wendy Greuel have ordered a citywide clampdown on most non-salary expenditures, such as travel. Ironically, the annoucement was made as the Mayor was in DC on city business.

The order does NOT restrict CITY COUNCIL spending, although council members indicate they're doing their best to 'hold the line'. (Some of THEM are also slated to go to Washington next week for a National League of Cities meeting.)