Washington Journal
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2020-04-26T07:00:00-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNDMyXC8yMDIwMDQyNjA3MDI0ODAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Viewers commented on the question, “Should states receive more federal dollars?” Due to the shutdown of businesses in response to the coronavirus pandemic, states' tax revenues had shrunk significantly. Earlier in the week Senate Majority Leader Mitch McConnell (R-KY) said in an interview that states should declare bankruptcy if necessary rather than receiving more money from the federal government. “I would certainly be in favor of allowing states to use the bankruptcy route,” he said on conservative talk show host Hugh Hewitt’s program. U.S. bankruptcy code has no provisions allowing states to declare bankruptcy.
Viewers commented on the question, “Should states receive more federal dollars?” Due to the shutdown of businesses in response to the coronavirus pandemic,…
read more
Viewers commented on the question, “Should states receive more federal dollars?” Due to the shutdown of businesses in response to the coronavirus pandemic, states' tax revenues had shrunk significantly. Earlier in the week Senate Majority Leader Mitch McConnell (R-KY) said in an interview that states should declare bankruptcy if necessary rather than receiving more money from the federal government. “I would certainly be in favor of allowing states to use the bankruptcy route,” he said on conservative talk show host Hugh Hewitt’s program. U.S. bankruptcy code has no provisions allowing states to declare bankruptcy. close
Viewers commented on the question, “Should states receive more federal dollars?” Due to the shutdown of businesses in response to the coronavirus pandemic,… read more
Viewers commented on the question, “Should states receive more federal dollars?” Due to the shutdown of businesses in response to the coronavirus pandemic, states' tax revenues had shrunk significantly. Earlier in the week Senate Majority Leader Mitch McConnell (R-KY) said in an interview that states should declare bankruptcy if necessary rather than receiving more money from the federal government. “I would certainly be in favor of allowing states to use the bankruptcy route,” he said on conservative talk show host Hugh Hewitt’s program. U.S. bankruptcy code has no provisions allowing states to declare bankruptcy. close
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