“‘I think the answer is that states that are risky… their borrowing costs would go up. But a state like Utah… its borrowing costs might go down.’”

David Skeel · Slate Money · The Specter of Puerto Rico’s Debt

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10:47

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What was described

Argues that allowing states to declare bankruptcy would not cause all states’ borrowing costs to jump, and could even lower costs for low-risk states like Utah

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