The City Council in the resort town of Desert Hot Springs, California, urged by aides to begin steps toward bankruptcy, stopped short yesterday, saying it may avoid running out of cash by finding savings to stay solvent.
Desert Hot Springs, California, a resort town near Palm Springs, may become the first city since Detroit to seek bankruptcy protection from creditors after a sharp drop in revenue, according to a staff report.
Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
The news that Barack Obama continued the Bush administration’s domestic telephone surveillance program is sparking new doubts about a president who campaigned as a champion of civil liberties and greater transparency.
President Barack Obama found that his personal efforts to shore up relations with the leaders of China and Russia failed to pay off as fugitive Edward Snowden traveled to Moscow’s Sheremetyevo airport from Hong Kong en route to a permanent refuge, perhaps in Ecuador.