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Harrisburg, Pennsylvania, Files for Bankruptcy

http://www.businessweek.com

Harrisburg, the seat of Dauphin County, needs $310 million to make bond payments, restructure debt and repay the county and insurer Assured Guaranty Municipal Corp., which made payments the city skipped on the waste-to-energy facility. Schwartz said he expects Assured Guaranty will reduce the value of its debt.

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Renniks's picture
Created by Renniks 2 years 39 weeks ago
Category: Incompetence   Tags:

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