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Credit Crisis Spreads To Hospitals, Colleges

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Credit Crisis Spreads To Hospitals, Colleges

Economy

Credit Crisis Spreads To Hospitals, Colleges

Credit Crisis Spreads To Hospitals, Colleges

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  • <iframe src="https://www.npr.org/player/embed/95460507/95460467" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The credit crisis has moved from big institutions like Fannie Mae and Freddie Mac to smaller institutions like hospitals, colleges and non-profits. Rising interest rates are limiting their ability to expand, and they warn rising debt payments will cut into staff and services.

Curt Nickisch reports for member station WBUR.