Senate Majority Leader Mitch McConnell has been quoted as preferring that states impacted by the COVID-19 pandemic declare bankruptcy rather than receive a federal bailout. The issue of states declaring bankruptcy was raised in only one Congressional hearing, held by the House Subcommittee on Courts, Commercial and Administrative Law of the Committee on the Judiciary, February 2011. The text of that hearing is reproduced here.

Witnesses were: Joshua Rauh, Ph.D., Associate Professor of Finance, Kellogg School of Management, Northwestern University, Evanston, IL Oral Testimony * James E. Spiotto, Esq., Partner, Chapman and Cutler, LLP, Chicago, IL Oral Testimony * Matt Fabian, Managing Director, Municipal Market Advisors, Westport, CT Oral Testimony * Keith Brainard, Research Director, National Association of State Retirement Administrators, Georgetown, TX * This compilation includes a reproduction of the 2019 Worldwide Threat Assessment of the U.S. Intelligence Community.

This compilation includes a reproduction of the 2019 Worldwide Threat Assessment of the U.S. Intelligence Community.