Are the States Facing a Debt Crisis?
Great Lakes Region Fiscal Leaders Meeting
Running time: 33:00
Speaker
Jim Spiotto, partner, Chapman & Cutler
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Overview
Driven in part by the sovereign debt crisis in the European Union and a greater focus on
U.S. federal government debt, the past year has seen an increase in speculation over the
prospect of trouble in the $2.8 trillion municipal bond market. Are these fears overblown? Or should states be considering the prospect of a potentially sharp increase in borrowing costs in the future? This session explores issues on the topic of state and local government debt.
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Resources
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