Tag - bankrupt

We are now a bankrupt country: Sri Lankan PM


New Delhi: Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament on July 5. The island nation's 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of...

Governor Phil Murphy

NJ Gov. Murphy castigates Sen. McConnell for asking states to go bankrupt


Gov. Phil Murphy on Wednesday launched into a fiery takedown of US Senate Majority Leader Mitch McConnell for saying state and local governments with cratered finances because of the coronavirus pandemic should be allowed to file for bankruptcy rather than rely on federal aid. “My breath is taken away,” Murphy, a Democrat, said of the Kentucky Republican during his daily coronavirus press...