May 7, 2008

Vallejo, California, Officials Vote for Bankruptcy (Update1)

Has the government bankruptcy crisis started?

May 7 (Bloomberg) -- Vallejo, California's city council voted to go into bankruptcy, saying the city doesn't have enough money to pay its bills after talks with labor unions failed to win salary concessions from fire fighters and police...READ MORE

1 comment:

Anonymous said...

I don't see a problem with the government's spending. I think they are dealing with the countries problems the best that they can. Only a Canadian would make a comment like that.