Wednesday, July 11, 2012

San Bernardino City Council Votes to File for Bankruptcy

The San Bernardino City Council late Tuesday voted to declare bankruptcy. San Bernardino is the third city in California to declare bankruptcy in the last two weeks. San Bernardino joins Stockton and the small resort town of Mammoth Lakes as the first few in what some experts fear will be a wave of municipal bankruptcies. Pacifica's Dan Fritz reports from Southern California.