California city to file for bankruptcy

California city to file for bankruptcy

Investors in the U.S. appear to have shrugged off the news that the city of San Bernardino has voted to file for bankruptcy. This blue collar city fifty miles East of Los Angeles had already slashed salaries and cut twenty percent of its employees. San Bernardino still faced a 45 million dollar deficit when the city council called an emergency session and voted to file for bankruptcy. Al Jazeera's Brian Rooney reports from San Bernadino.


User: Al Jazeera English

Views: 4

Uploaded: 2012-07-13

Duration: 02:14