http://news.yahoo.com/san-bernardino-california-files-bankruptcy-over-1-billion-021606235--finance.html
"San Bernardino's city council voted on July 24 to adopt an emergency three-month fiscal plan that would suspend debt payments, freeze vacant jobs and quit paying into a retiree health fund while city staff produce a more detailed bankruptcy plan.
"The bankruptcy filing was just to get the protection in place, to kick the process off," a city spokesperson said.
In late July, San Bernardino reported it had $56 million in indebtedness payable from ...