Republican (fascist/socialist) de facto President Ford (25th amendment) signs the New York City Seasonal Financing Act, authorizing 2,300,000,000 “dollars” in Federal loan guarantees to New York City.

       NOTE: So much for conservative Republicans!

       [added 11/17/2022]

Subsequent Events:

Authority:

“Law of the Jungle”
ccc-2point0.com/preface

References:

“Today in History,” Orange County (California) Register, 9 December 2001, Accent:11.

History of New York City (1946—77) – Wikipedia
en.wikipedia.org/wiki/History_of_New_York_City_(1946%E2%80%9377)#Fiscal_crisis

Current U.s. National Debt:

$36,167,124,467,492

Source