Automatic cuts to the National Parks Service budget could have drastic impacts across the country, from Yosemite National Park in California, to the Cape Cod National Seashore in Massachusetts.
In California, the deficit for the current fiscal year is projected to be $1.9 billion, down from $25 billion in recent years. The unemployment rate and some home sales are also improving.
An investigation into possible criminal activity related to San Bernardino, California's woeful financial state is ongoing. Allegations suggest that some of the city's financial documents were falsified.
San Bernardino, Stockton, and Mammoth Lakes have all chosen the path of bankruptcy in the last two weeks. What's going on?
Bankruptcy of Stockton, Calif., looms large as city enters talks with creditors. But most other troubled California municipalities are taking drastic steps to avoid bankruptcy.