Detailed text transcripts for TV channel - FOXNEWS - 20120711:16:04:00
Claudia cowan live in san francisco with a look at that. >> reporter: jon, stockton led the way last month after officials could not reach a deal with the city's creditors, then the ski town of mammoth lakes came crashing down on the fourth of july after it failed to make good on a $43 million judgment. and last night at an emergency city council meeting, san bernardino became the latest to vote for bankruptcy protection. the southern california city of 200,000 faces a $46 million budget gap. it's already stopped paying some vendors and may not be able to make payroll through the summer. it wa...
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