Stockton, California, to file for bankruptcy, will be largest U.S. city to fail

Stockton, California–This Gold Rush-era port city, an epicenter of California’s agricultural exports, will become the nation’s largest city to seek protection under the U.S. bankruptcy code after its City Council on Tuesday stopped bond payments, slashed employee health and retirement … Continue reading Stockton, California, to file for bankruptcy, will be largest U.S. city to fail