By Heidi Sigmund Cuda, includes “A federal bankruptcy judge's ruling in the Stockton bankruptcy case Wednesday may trigger more municipal bankruptcies in California and stoke benefit changes at the bargaining table, according to some of the nation's leading pension watchdogs. … "The judge is doing what the accountants should have done three decades ago," says Sheila Weinberg, the president of the Chicago's Truth in Accounting. "They're putting these debts on the same level as the other government debts." …”
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