New York Gov. Andrew Cuomo criticized Senate Majority Leader Mitch McConnell (R-Ky.) for proposing a change to existing law that prevents states from declaring bankruptcy, before daring the Republican lawmaker to adopt the idea.
“This is one of the really dumb ideas of all time,” Cuomo, a Democrat, said during a briefing in Albany on Thursday, warning that bankruptcy declarations by multiple states would lead to a collapse of the economy at a time when the country is in the grip of a pandemic. The U.S. economy has already sustained a historic hit to businesses and workers.
