State Defaults News Today

Already, sales, personal and corporate tax receipts are up, providing enough money to cover the bond payments, the state goes back to the debt market without a problem, ious and the revenue anticipation notes, well, those cover the shortfalls and the legislature would accept the cuts. now, there is another scenario, that says the state defaults. lets look at that: right now, the governor is expected to close the budget with $8 billion from the federal government. what if washington says no? he a...