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The COVID-19 pandemic left many states in dire financial trouble. Some Republican leaders in Washington D.C. have suggested states declare bankruptcy. For instance, the then Senate Majority Leader Mitch McConnell said: “I would certainly be in favor of allowing states to use the bankruptcy route. It saves some cities. And there’s no good reason for it not to be available.”  McConnell’s comments received strong opposition. […]

The COVID-19 pandemic left many states in dire financial trouble. Some Republican leaders in Washington D.C. have suggested states declare bankruptcy. For instance, the then Senate Majority Leader Mitch McConnell said: “I would certainly be in favor of allowing states to use the bankruptcy route. It saves some cities. And there’s no good reason for it not to be available.”  McConnell’s comments received strong opposition. […]

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