mary catherine, great to see you both. take care. >> the secret is out.na: right now the city of stockton, california, is set to become the largest u.s. city to declare bankruptcy. the city council voted last night to push this through and the official filing could come at any time. stockton is about 80 miles from san francisco where we find claudia cowan with more. reporter: city leaders spent three years making deep cuts trying to mediate a deal with creditors to avoid reaching this point. but with no way to restructure hundreds of millions of dollars of debt, the city where file for bankruptcy either today or tomorrow. the central california city is roughly 300,000 people, facing a 26 million-dollar budget shortfall and a staggering debt load of about $700 million. city leaders blame the busted housing market. stockton has the second highest foreclosure rate in the country. and soaring pension costs. more than 90 retirees or make $100,000 per year or it a lot more than the average in california. crime increased and the city invested billions in a downt

heather: mary catherine who made the decision to give it to solyndra. >> i think they've fast tracked malls from the white house, it's pretty clear they president bush into this 537 million-dollar investment. and to most people that is not call balls. there is a recent cbo report that came out about the stimulus calculating that every job created cost between $500,000 and 1.4 million. your return on investment ain't real great here and he says he can do a lot better, and that is fair. there are several huge loans, beacons, batteries that left the fiskar automobile broken down on the consumer report's track because there are things symbolic and important as to how president obama does business. >> if this is the best argument the romney camp is going to make after barack obama inherited an economy and there has been job growth. we were 47 out of 50 states in the country in terms of job creation. mitt romney created six times private jobs than he did private jobs in massachusetts. the economic argument that mitt romney is trying to make is ringing hollow. heather: how about the numbers

jamie: it's so complicated now, and it's complicated mary catherine by the wiretaps, which i'm sure theyg in their power to exclude but we know basically what they say. do you think someone on the inside is leaking these and what impact will it have on the white house? >> it does sound like there is anonymous leaker here which is not good for holder and the administration. the press really like stories about an anonymous leaker. i think this is a huge liability for them. the wiretap applications, it's not the initial goof up that gets you in trouble it's the cover up. this is -- his second in command was seeing some of these wiretap applications, there will be a lot of coverage of this. jamie: guys, thank you so much. we will monitor this closely. it's going to be an interesting day on the hill. thanks. bill: as we watch this now, they are discussing sprefl what yo discussing what you were debating right here. i want to listen quickly to eric holder on the hill. bill hill. >> is that the same date that these firearms that you found out were connected to fast and furious were found at the

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