Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

McConnell Says He Favors Letting States Declare Bankruptcy

 

April 23, 2020

Mitch McConnell speaks during a news conference in Washington, D.C. on April 21. Photographer: Sarah Silbiger/Bloomberg

Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout.

"I would certainly be in favor of allowing states to use the bankruptcy route," he said Wednesday in response to a question on the syndicated Hugh Hewitt radio show. "It's saved some cities, and there's no good reason for it not to be available."

https://www.bloomberg.com/news/articles/2020-04-22/mcconnell-says-he-favors-allowing-states-to-declare-bankruptcy

 

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