New York Governor Andrew Cuomo on Thursday derided Senate Republican leader Mitch McConnell's suggestion that states whose finances are depleted by the coronavirus epidemic could declare bankruptcy as a 'really dumb' idea and warned that financial markets would tank if that were allowed to happen.
WASHINGTON - New York Governor Andrew Cuomo on Thursday derided Senate Republican leader Mitch McConnell’s suggestion that states whose finances are depleted by the coronavirus epidemic could declare bankruptcy as a “really dumb” idea and warned that financial markets would tank if that were allowed to happen.
McConnell, whose Republican Party controls the Senate, on Wednesday poured cold water on efforts by Democrats to tap federal coffers to provide assistance to state and local governments. “You wanna see that market fall through the cellar?” Cuomo asked. “Let New York State declare bankruptcy, let Michigan declare bankruptcy, let Illinois declare bankruptcy, let California declare bankruptcy? You will see a collapse of this national economy.Cuomo accused McConnell of “vicious” partisanship for the suggestion, since the states hardest hit by coronavirus lean Democratic. “You want to politically divide this nation now, with all that’s going on?” he asked.
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