California public-sector unions, the City of Stockton, and the California Public Employees Retirement System (CalPERS) gloated Monday after U.S. bankruptcy judge Christopher Klein ruled that the ...

Earlier this week, we heard that the City of Stockton was into mediation with creditors and public unions, but no agreement was reached in time to avoid bankruptcy. Last night, the City Council ...

Last night, the California City of Stockton adopted a new budget to allow it to operate under bankruptcy. It's the nation's largest city so far to seek protection from creditors. But it may not be the ...