North America, U.S. States and Territories

California

In Brief

California—America's largest state by population—contains 11 of the nation's 100 largest metropolitan areas. Its population is on the leading edge of demographic change in America, as its cities have some of the highest concentrations of immigrants, and where Hispanic infants are now in the majority. California's budget and population challenges are mixed with significant strengths, including export, technology, education and manufacturing sectors. Brookings experts study the challenges and opportunities.

Firefighter Captain Tim Smith, 41, checks a building after its fire alarm sounded in San Bernardino, California (REUTERS/Lucy Nicholson).

Opinion

What the Stockton Municipal Bankruptcy Means, And Doesn't

April 2, 2013, Tracy Gordon

Stockton, California has become the largest U.S. municipality to enter bankruptcy, leaving many to wonder who will be left holding the bag. Tracy Gordon explains the possibilities by describing the features of the municipal bond market.

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