The next municipal bankruptcy?

By John Klingner
11/15/2013
Yet another city is heading toward bankruptcy. Desert Hot Springs, Calif., a city of 26,000 in the south-central part of the state, warned it could run out of money as soon as March 2014. If that occurs, the city could be forced to file for bankruptcy. If that happens, Desert Hot Springs will be the...

TAGS: bankruptcy, desert hot springs, pensions