NPR : News

Filed Under:

Stockton, Calif., Files For Bankruptcy

The city of Stockton, Calif., has officially filed for Chapter 9 bankruptcy protection, The Stockton Record writes.

As we reported on Wednesday, the city has a $26 million budget shortfall. Now, it's the largest city in U.S. history to file for such protection. The city has a population of about 300,000.

According to the Record:

"Mayor Ann Johnston [D] said in a prepared statement that filing for bankruptcy was necessary to correct the ailing city finances for the benefit of the community. 'We are extremely disappointed that we have been unable to avoid bankruptcy,' Johnston said. 'We will emerge from bankruptcy with a solid financial future.'

"City leaders say generous pay and benefits for its work force and overborrowing on expensive projects contributed to the crisis. The fall sped up with the nation's economic recession and foreclosure meltdown, which started in 2008."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Colombia's La Momposina Sings A Tangled Social History

On this week's Alt Latino, we spend time with an album from Colombian singer Totó la Momposina. NPR's Rachel Martin talks with NPR's Felix Contreras about Tambolero.
WAMU 88.5

Farms, Coasts And Air Conditioning: What Climate Change Means For Virginia

Climate change presents obstacles for just about everywhere in the United States — but rising temperatures are expected to be felt keenly in a number of Virginia's important economic areas.

NPR

Obama To Detail Tougher Plan To Fight Climate Change

President Obama will unveil climate change regulations Monday, expected to set tougher limits on coal than previously proposed. NPR's Scott Horsley previews the announcement with host Rachel Martin.
NPR

Despite Host Controversy, Amazon Takes A Chance On 'Top Gear'

The trio that made Top Gear the world's biggest car show will return to the small screen in a new show for Amazon Prime. The BBC canned one of its hosts last year after a fight with a producer.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.