Event:
The 'immediate and severe' fiscal emergency declared by the U.S. city San Bernardino, California, allows it to declare bankruptcy without negotiating with creditors
More Notable Events on July 18: 1994 Comet Shoemaker-Levy collides with Jupiter
1994 Crayola announces introduction of scented crayons
1932 U.S. and Canada sign a treaty to develop St. Lawrence Seaway
1927 Ty Cobb's 4,000th career hit
1872 Britain introduces secret ballot voting
