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

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