McConnell state bankruptcy remarks raise constitutional questions | TheHill


Municipal finance experts say that it may be unconstitutional for Congress to allow states to declare bankruptcy, and that even if it is constitutional, it would be a bad idea.

Experts on state and local government finances say that Congress may not have the right to grant states the ability to file for bankruptcy under the Constitution. They also argued that bankruptcy wouldn’t be particularly helpful in addressing states’ coronavirus-related challenges.

Source: McConnell state bankruptcy remarks raise constitutional questions | TheHill

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