America's Cities Are in Financial Peril

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  • Scranton, Pennsylvania
  • 071312 national banruptcy stockton california
  • Mammoth Lakes, California
  • San Bernardino, California
  • Jefferson County, Alabama
  • bankruptcy
  • Detroit, Michigan

Mammoth Lakes, California

After a property developer won a $43 million lawsuit against the town of Mammoth Lakes, California, the ski resort town of just over 8,000 residents became the second California city to file for bankruptcy on July 2. 

(Photo: Courtesy of Wikicommons)