State bankruptcy bill imminent, Gingrich says. State Bankruptcy Option Is Sought, Quietly. State Bankruptcy Would Change Life for Public Pensioners, Bond Holders. <br/><a href=" US News</a> | <a href=" Business News</a> Copy Under existing law, a state cannot go bankrupt.
That's not because the action is forbidden. The Debate Over What's Slowing the U.S. Recovery. Dimon Says a Hundred Municipalities in U.S. Won’t ‘Make It’ Out of Debt. JPMorgan Chase & Co.
(JPM) Chairman and Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate debt and a hundred may not “make it.” “I wouldn’t panic about what I’m about to say,” Dimon, 55, said today at a U.S.