BREAKING NEWS: Stockton, California, Wins Court Approval of Bankruptcy

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The law, Public Act 4 was enacted in March 2011 by a Republican-led legislature at the urging of GOP Governor Rick Snyder, who said its tougher provisions would keep municipalities out of bankruptcy with
quicker state intervention and more clout.

Photographer: Jeff Kowalsky/Bloomberg

The law, Public Act 4 was enacted in March 2011 by a Republican-led legislature at the urging of GOP Governor Rick Snyder, who said its tougher provisions would keep municipalities out of bankruptcy with quicker state intervention and more clout.
October 10, 2012
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