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San Bernardino Approves Emergency Budget

By Carolina Bolado (September 5, 2012, 11:51 PM EDT) -- Bankrupt San Bernardino, Calif.'s city council on Wednesday passed an emergency budget that cuts 30 percent of the city's expenses and aims to slice $16.4 million off this year's expected $45 million budget shortfall that sent the city into Chapter 9 protection....

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