And for a country like Mexico, the consequences can be profound. From Mexico City, Frank Contreras reports. Oil industry analyst Steve Shield. That means a big deficit or another cut in government spending. Either result is bad news.
Deficits mean higher inflation.
Spending cuts mean lower economic growth and higher unemployment. That usually means more illegal immigration to the U.S. and fewer customers for Americans doing business here. In Mexico City, I'm Frank Contreras for Marketplace. But the judge says the plan does doesn't appear to be what the troubled airline needs to get its planes back into the air. New York editor Michelle Brier reports.