Way Out for Struggling States: Bankruptcy?
As cash-strapped states scrabble to fix budgets and pay public workers’ pensions, some lawmakers are pointing to bankruptcy as a solution, the New York Times reports. States can’t go that route currently because they’re technically sovereign entities, but backers say it’s a better alternative to what the Times terms “no-strings…
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Way Out for Struggling States: Bankruptcy?
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on January 21, 2011. Filed under News, World News.
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