Friday, January 21, 2011

Plans being drawn up to let states declare bankruptcy

By MARY WILLIAMS WALSH
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

http://www.msnbc.msn.com/id/41188877/ns/business-the_new_york_times/?GT1=43001

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