WASHINGTON – Senate Majority Leader Mitch McConnell, R-Ky., said Wednesday that state governments should be able to “use the bankruptcy route” to deal with economic losses from the coronavirus pandemic.
In an interview with conservative radio host Hugh Hewitt, McConnell said additional federal assistance to local and state governments needed to be “thoroughly evaluated,” while expressing concern about adding more money to the national debt in a way “that could indeed also threaten the future of the country.”
“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 said. “My guess is their first choice would