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Another U.S. city mulls bankruptcy due to soaring wages and pensions

11-13-2013 • http://ca.news.yahoo.com, By Tim Reid

A resort town in California warned on Tuesday that it will run out of money by March due to burdensome salary and pension costs and could join other U.S. cities that have recently filed for bankruptcy protection.

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Another U.S. city mulls bankruptcy due to soaring wages and pensions

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