NEW YORK - (AP) - Former New York Gov. Hugh Carey, who led therescue effort that brought New York City back from the brink ofbankruptcy during its 1975 fiscal crisis, has died.
Gov. Andrew Cuomo says Carey died early Sunday at his summerhome on Shelter Island. He was 92.
The Democrat went to the governor's mansion in Albany afterseven terms as a Brooklyn congressman. He pushed for job programsand increases in welfare and unemployment benefits.
New York City's finances were in such a mess in early 1975 thatbanks refused to lend it more money. Carey enlisted support for arescue plan that included strict oversight of all the city'sspending. He then won federal loan guarantees from the Fordadministration that secured the plan.
Photo courtesy of Newsday.