Congress quietly considers letting states file for bankruptcy

01/21/2011 | New York Times (tiered subscription model), The · Reuters

Lawmakers are cautiously looking into rewriting U.S. law to let state governments file for bankruptcy protection. If such a measure were approved, states would be able to walk away from overwhelming debt, including state-issued bonds and pension funds' obligation to pay retirees, The New York Times reports.

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New York Times (tiered subscription model), The · Reuters

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