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Stockton to become largest US city to declare bankruptcy
A home sale sign in Stockton, California, the United States, February 7, 2012
The city of Stockton in the US state of California is set to become the largest American city ever to declare bankruptcy as the financial troubles of the US deepen.
A formal bankruptcy filing may come as early as Wednesday following the failure of negotiations between Stockton’s officials and creditors.
The northern...