Overview

• The documentary highlights New York City's near-bankruptcy in 1975, caused by economic stagnation, inflation, and federal funding disputes.
• Felix Rohatyn, chair of the Municipal Assistance Corporation, implemented austerity measures such as tuition at CUNY, fare hikes, and public sector layoffs.
• The film draws parallels between the 1970s crisis and current issues, including budget deficits, immigration tensions, and political gridlock.
• Filmmakers Michael Rohatyn and Peter Yost used extensive archival footage to vividly depict the crisis, despite high licensing costs.
• The documentary recently premiered at the IFC Center after winning the Library of Congress Lavine/Ken Burns film prize at DOC NYC.