Hirunews Logo
Californian+city+of+Stockton+faces+bankruptcy
Wednesday, 27 June 2012 - 9:17
Californian city of Stockton faces bankruptcy
11

Shares
1,344

Views

The Californian city of Stockton looks set to become the largest US city to declare bankruptcy, after a deadline to make a deal with its creditors passed.

Stockton City Council is expected to vote on whether to file for bankruptcy protection.

Mayor Ann Johnston told local media such a move appeared "very likely".

The river port city of 290,000 - which lies 90 miles east of San Francisco - suffered badly during the US housing market crash.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
875 Views
12,502 Views
4,998 Views
5,923 Views
1,233 Views
8,838 Views
Top