N.J. Governor Calls McConnell Bankruptcy Comment ‘Irresponsible’

(Bloomberg) -- New Jersey Governor Phil Murphy blasted Senate Majority Leader Mitch McConnell for saying he favors allowing states struggling with high pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout.“I’m taken aback -- my breath is taken away -- I have almost nothing to say to what Senator Mitch McConnell of Kentucky said -- that it wouldn’t necessarily be a bad idea for states to go bankrupt. It’s a