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San Bernardino Bankruptcy

Shockingly, Fiscal Cliff Plan That Makes No One Happy Fails

The Huffington Post | Jillian Berman | Posted 12.21.2012 | Business

Mark Gongloff is off the newsletter this morning, so today's 7.5 Things are brought to you by Jillian Berman. Science has determined that people ...

Ben Hallman

San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities | Ben Hallman | Posted 09.25.2012 | Business

SAN BERNARDINO, Calif. -- This old railroad town in the heart of the Southern California foreclosure belt doesn't attract many visitors these days, es...

Fickle Promises

Kim Carter | Posted 10.21.2012 | Los Angeles
Kim Carter

If you haven't heard the news yet, my home town of San Bernardino became the third city in California in the past two months to go bankrupt. Times are tense, and the community is restless for answers.

Ben Hallman

An Innovative Proposal That Has The Mortgage Industry Worried | Ben Hallman | Posted 08.16.2012 | Business

SAN BERNARDINO, Calif. -- Representatives from the mortgage finance industry flocked to this sun-baked county east of Los Angeles on Thursday to warn ...

Third California City Files For Bankruptcy

Reuters | Posted 10.01.2012 | Business

* Third California city to file for bankruptcy * Follows Stockton and Mammoth Lakes * Fears other cities will file for b...

Scranton Cuts A Deal To Pay Cops And Firefighters For Doing Their Jobs

The Huffington Post | Alexander Eichler | Posted 07.31.2012 | Business

Good news, Scranton firefighters: You will once again be making more than the fry cook at your local McDonald's. The city of Scranton, Pennsylvania...

More Troubled Cities Using This Financial Twist To Avoid Ruin

AP | AMY TAXIN and HANNAH DREIER | Posted 07.30.2012 | Los Angeles

STANTON, Calif. -- There's a new twist emerging as some of California's most financially troubled cities look for ways out of their predicaments: They...

State Of Fiscal Emergency

AP | Posted 07.19.2012 | Los Angeles

SAN BERNARDINO, Calif. -- San Bernardino declared a fiscal emergency Wednesday night, allowing the city to avoid a lengthy mediation process and head ...

Bankrupt City Did 'The Same Stupid Things' Every Year

Reuters | Posted 09.14.2012 | Business

By Jim Christie and Tori Richards SAN FRANCISCO/SAN BERNARDINO, July 15 (Reuters) - In August 2010, almost two years before the San Be...

Mayor Angry That Sheriff Revealed Probe Into San Bernardino Finances

AP | AMY TAXIN and DAVID R. MARTIN | Posted 07.13.2012 | Los Angeles

SAN BERNARDINO, Calif. -- The Sheriff's Department said Thursday it was working with police and the district attorney's office to investigate possible...

'The City Needs Breathing Room'

AP | AMY TAXIN and DAVID R. MARTIN | Posted 09.11.2012 | Los Angeles

SAN BERNARDINO, Calif. — They cut spending, sold assets and even asked public employees to take a financial hit. But budget woes still mounted ...

Another One Bites The Dust

AP | AMY TAXIN and DAVID R. MARTIN | Posted 09.09.2012 | Los Angeles

SAN BERNARDINO, Calif. — In this sweltering Southern California city, officials tried to keep the budget in check by selling assets, cutting spe...

Third California City To File For Bankruptcy

Reuters | Posted 09.09.2012 | Business

* Government owes NNPC for helicopter, maritime security * Borrowing raises doubts over NNPC's future independence * Ear...