As the economic downturn has caused many states and municipalities to borrow large amounts of money, some worry there may be a glut of them going bankrupt.
Oct 18, 2010 Governing
The economic recession is pushing many municipalities towards declaring bankruptcy.
Feb 22, 2010 The Wall Street Journal
Municipal bonds are being defaulted on left and right. But the news sounds worse than it is. Few of those defaults are by cities -- for now.
Aug 13, 2009 Governing
Budget issues are causing major issues for a handful of states. Neal Peirce argues these budget woes are a sign that states are making the wrong investments and that they idea of a state may be out of date.
Jul 12, 2009 Citiwire
President Barack Obama has announced a $75 billion plan to help counteract home foreclosures -- a move that aims to allow more than 9 million Americans to refinance their troubled mortgages.
Feb 18, 2009 The New York Times
<p>The northern California city of Vallejo has declared bankruptcy, becoming one of few cities and the largest in the state to do so. Other struggling cities are watching closely to see if the strategy helps to save the city.</p>
May 13, 2008 The San Francisco Chronicle
<p>Thousands of stores across the country face closure as the credit crisis curtails consumer spending, and chain retailers file for bankruptcy.</p>
Apr 16, 2008 The New York Times