The Southern California city of San Bernardino became the third California city in less than a month to file for bankruptcy protection on Tuesday night.
The city’s interim city manager said San Bernardino is facing a budget shortfall of $45.8 million and may not be able to make payroll over the next three months, according to the Associated Press.
San Bernardino, CA Will Become Second Largest U.S. City To File For Bankruptcy: click for more..
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