Stockton, Calif., Faces Bankruptcy

Stockton, Calif., could file for bankruptcy as early as Wednesday, according to its city manager. If that happens, the town of about 300,000 people on the San Joaquin River will become the biggest U.S. city to go broke. When Stockton's city council meets tonight to decide the city's fate, the proceedings will be telecast live on Stockton's website. The town's finances are so bad that a journalist from Barcelona, Spain, is covering the situation, in hopes of giving his readers back home in...Full Story
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