McConnell says states should be able to declare bankruptcy, wants to hit 'pause' on federal aid
2020-04-23
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SMARTFINANCESOLUTIONS.NET - Why does the federal govt. have to legislate to allow states to declare bankruptcy?
And not just federally tax-exempt bonds: Congress went on at length to bar anyone from taxing Puerto Rico’s bonds, presumably never dreaming how this would play out a century later — which, on Wednesday, led to the territory declaring a form of bankruptcy
