From the daily archives:

Monday, April 1, 2013

Failed and Bankrupt Cities

April 1, 2013

Bankrupt cities Cities do go bankrupt. A judge accepted the California city of Stockton’s bankruptcy application today, with 300,000 residents making it the most populous city so far in the United States to enter bankruptcy. In past decades, many US municipalities declared bankruptcy. Since 1981, 42 cases were filed. Given hard times getting harder in […]

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