Cantor: No Bankruptcy or Bailouts for States

Lawmakers from both sides of the aisle are in favor of changing the rules to allow cash-strapped states to seek bankruptcy protection but House Majority Leader Eric Cantor has dismissed the idea. Cantor says states already have the power to balance their books through cutting spending, raising taxes, or renegotiating…

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Cantor: No Bankruptcy or Bailouts for States

Posted by on January 25, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry