Bankruptcy Choices Highlight Fiscal Pain Of Cities Nationwide

Even though bankruptcies are expected to stay rare, the financial woes of U.S. cities are widespread and show no sign of easing.The decision by three California cities to seek bankruptcy protection in the space of two weeks is unlikely to presage a wave of copycat filings. But it does underscore the mounting financial pressure facing local governments around the country.

Topics:  u.s    california   bankruptcy   cities   financial   

 

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