US States Have a Long History of Defaulting

The American bankruptcy show of the twenty-first century continues unabated with federal and state government spending. History reveals that some states have defaulted through not meeting a required bond payment, leaving the bondholders and that state’s taxpayers with a debt problem. Today, we…#fitch #standard #johnmoody #bond #panicof1837 #chrisehorlacher #speciecircular #usconstitution #section4 #civilwar

Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news