Los Angeles Business Journal

San Bernardino Seeks Bankruptcy Protection

LABJ News from Around the Web Wednesday, July 11, 2012

San Bernardino has become the third California city in less than a month to seek bankruptcy protection. The Los Angeles Times reports that the financial situation was so bad that the city of 209,000 residents could not cover payroll through the summer.

http://www.latimes.com/news/local/la-me-0711-san-bernardino-20120711,0,5646419.story