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Mitch McConnell says he favors allowing states to declare bankruptcy -
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.

https://www.msn.com/en-us/money/markets/mcconnell-says-he-favors-allowing-states-to-declare-bankruptcy/ar-BB1336bq?li=BBnbfcN

Yikes! Glad I don't work for a state or local government.