Stockton to become largest US city in bankruptcy

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Stockton to become largest US city in bankruptcy

by Associated Press Videos 1:22 mins

Stockton to become largest US city in bankruptcy

by Associated Press Videos 1:22 mins

In opting to become the nation's largest city to seek federal bankruptcy protection, Stockton, California took a rare financial step of last resort after struggling with the economic downturn, soaring pension costs and contractual obligations. (June 27)

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