Banking

Why Mitch McConnell’s idea of ​​state bankruptcy is so stupid

Mitch McConnell. Photo: Saul Loeb / AFP via Getty Images In an interview with Tory radio host Hugh Hewitt on Wednesday, Senate Majority Leader Mitch McConnell rejected calls for federal aid to states, asserting that states’ financial problems are closely linked to reckless decisions about public employee pension benefits and …

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JC Penney considers exit from bankruptcy

NEW YORK – JC Penney believes he will step out of bankruptcy protection before Christmas under a new property deal that would save tens of thousands of jobs. The besieged century-old retailer said on Wednesday it had filed a proposed asset purchase agreement with the two largest mall owners in …

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