Stockton Seeks Bankruptcy when Mediation Failed

Largest US City Seeks Bankruptcy Protection
The Washington Post National
June 27, 2012
Stockton, California with a population of 290,000 people is now the largest US city to seek bankruptcy protection since Stockton leaders failed to close the $26 million gap in the budget. Last year, 13 United States cities sought bankruptcy protection-the most in any one year since 1994.


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