BUSINESSJul 9 · 21:06 UTCLA TIMES CALIFORNIAJaweed Kaleem, Howard Blume, Kori McNair

LAUSD faces 'severe' signs of insolvency; county warns it could take control of budget

LAUSD faces severe insolvency risks due to unaffordable union contracts, prompting county officials to threaten appointing an overseer to control the district's spending. County education officials warn the district's financial situation may require external budget management.

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