Oakland, CA city officials mysteriously published then deleted an alarming public report warning the California city is facing bankruptcy. 

On November 8, Oakland's Finance Director Erin Roseman authored the city's 2024/25 fiscal year report, alerting officials that their reckless spending was leading to a 'Chapter 9 process', which comes after a bankruptcy declaration. 

The report noted that Oakland was running at a 12.3 percent operating shortfall, and said 'failure to take dramatic and immediate steps to reduce expenditures will almost certainly result in insolvency.'