To the Point
Stockton Will File for Bankruptcy
Last night, the California City of Stockton adopted a new budget to allow it to operate under bankruptcy. It's the nation's largest city so far to seek protection from creditors. But it may not be the last. Peter Navarro is professor at the Paul Merage School of Business at the University of California at Irvine.
By Warren Olney • • 1 min readLast night, the California City of Stockton adopted a new budget to allow it to operate under bankruptcy. It's the nation's largest city so far to seek protection from creditors. But it may not be the last. Peter Navarro is professor at the Paul Merage School of Business at the University of California at Irvine.
