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AOL.com Video - Stockton to Become Largest US City in Bankruptcy

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VIDEO:News

Stockton to Become Largest US City in Bankruptcy

Description:In opting to become the nation's largest city to seek federal bankruptcy protection, Stockton, California took a rare financial step of last resort after struggling with the economic downturn, soaring pension costs and contractual obligations. (June 27) (1:22)

Source: Associated Press

Tags: ap , Associated Press

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