California Bankruptcy

John Rudolf

Largest U.S. City Bankruptcy Heading Toward Court

HuffingtonPost.com | John Rudolf | Posted 02.29.2012

Stockton, Calif., took a major step toward becoming the largest U.S. city ever to file for bankruptcy with a city council vote to begin a state-mandat...

Local City Facing Bankruptcy: Would Be Biggest City To Declare In American History

Aaron Sankin | Posted 02.23.2012

The Central Valley city of Stockton of may become the next California municipality to follow in the steps of Vallejo and Orange County and file for ba...

California Now Freeing Violent Inmates To Save Money

AP | DON THOMPSON | Posted 05.25.2011

SACRAMENTO, Calif. — Inmates convicted of violent crimes are among those being freed early from California jails to save money, despite lawmaker...

Carly Fiorina: California Bankruptcy 'Should Always Be Considered'

Los Angeles Times | Posted 05.25.2011

Republican U.S. Senate candidate Carly Fiorina suggested that the state of California should consider declaring bankruptcy, apparently unaware that st...

CALIFORNIA TO PAY WITH IOU'S - Is This Gradeschool?

Bloomberg | Posted 05.25.2011

Dec. 5 (Bloomberg) -- California, the world's eighth-largest economy, may pay vendors with IOUs for only the second time since the Great Depression, S...

Lakers Victory Parade: LA Officials Say They Don't Have The Money For It

Reuters | Dan Whitcomb | Posted 05.25.2011

The Los Angeles Lakers need only one more win to capture a 15th National Basketball Association Championship, but some city officials are already sayi...