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First US state capital declares bankruptcy

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First US state capital declares bankruptcy

AFP English

1 Views • Nov 12, 2011

Description

Harrisburg holds the dubious distinction as the first capital of a US state to declare bankruptcy. Saddled with 300 million dollars in debt, the city is now being threatened with a takeover by the state. It's become a poster child for the perilous state of US public finances. Duration:01:50

Keywords & Tags

#declares #WEB #state #DEFICIT #bankruptcy #capital #ECONOMY #First #BANKRUPTCY

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