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California's Fourth Muni Bankruptcy

Wed 03 Oct 12 | 11:45 AM ET
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California's Fourth Muni Bankruptcy

Wed 03 Oct 12 | 11:45 AM ET
A fiscal emergency is considered the first step towards Chapter 9, said CNBC's Jane Wells, reporting on whether Atwater, California will become the fourth town to declare bankruptcy in the state.

Topics:

Bankruptcy  | California  | Deficits  | Debt  | Taxes  | Municipal Bonds  | Credit Ratings
 
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