Stockton, Calif., in the midst of Chapter 9 bankruptcy proceedings, announced Tuesday that it had reached an agreement with Ambac.
Stockton Cuts Deal With Ambac, Its Smallest Bond Insurance Creditor
FEB 26, 2013 2:55pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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