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Pennsylvania's Capital City Gets Bailout |
September 14, 2010
Pennsylvania's capital, Harrisburg, is deep in debt. Its divided government can't even agree on how to deal with the crisis: Lay off more city workers? Close firehouses? Sell some fire trucks? Walk away from the debt? The city's unusual decision to skip a general obligation bond payment is being closely watched by the nation's financial sector as a harbinger of troubles for the bond market.
Pennsylvania - Harrisburg Pennsylvania - Financial services - Government - Bond
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