(credit: CBS)

Audit Finds Bell Faces ‘Fiscal Crisis’ After Corruption Scandal

An audit reveals that the city of Bell is still reeling financially three years after it was discovered the working-class suburb’s municipal leaders had looted millions of dollars from its treasury.


Congressman Adam Schiff (credit: John Moore/Getty Images)

Lawmakers Ordered To Cut Budgets As ‘Fiscal Cliff’ Talks Stall

California lawmakers on both sides of the political aisle are drawing a line in the sand as negotiations to avoid a so-called “fiscal cliff” stall in Washington.


(credit: CBS)

Duarte Nears Fiscal Emergency, But Downplays Bankruptcy Fears

The move would allow the city to ask voters to approve a proposed increase of up to a half-percent sales tax that could raise as much as $1.9 million.


(credit: CBS)

City Council To Declare Fiscal Emergency In San Bernardino

Lawmakers in San Bernardino were expected to declare a fiscal emergency on Monday as the city inches closer toward bankruptcy.


(credit: Frazer Harrison/Getty Images)

Report: LA City Deficit Soars To $87M

City Administrative Officer Miguel Santana warns that the fiscal health of Los Angeles may potentially worsen even more if a plan to privatize parking garages fails to pass.


(credit: CBS)

California Budget Deficit Tops $25 Billion

Governor-elect Jerry Brown will face a mounting budget crisis when he is sworn into office in January, a gap that now tops one-fifth of the state’s general fund.