Donate

Tag: debt

California Owes Itself $4.6 Billion

July 24, 2013 | 11:25 am

California Owes Itself $4.6 Billion

Posted by

Gov. Jerry Brown has made paying off California’s $27 billion “wall of debt” a top priority. But one of the largest creditors that the state owes money to is actually itself. A report released last week by the Department of Finance shows 132 loans taken out from special government funds over the past decade add […]

Continue Reading

Stockton Wobbles Toward Bankruptcy

June 22, 2012 | 4:42 pm

Stockton Wobbles Toward Bankruptcy

Posted by

Around the world, the dominoes of debt are teetering, and one of the biggest to hit the ground may be the City of Stockton. The city is hoping against hope that mediation with its bondholders, now underway, will result in a new deal by Monday. There’s scant room for maneuver after that date because the […]

Continue Reading