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News Link • Economy - Economics USA

Harrisburg, Pa., files for Chapter 9 bankruptcy

• Reuters

The Harrisburg, Pa., city council passed a resolution on Tuesday night authorizing a Chapter 9 bankruptcy filing, a city official said on Wednesday.

The Pennsylvania state capital faces a $300 million debt crises tied to a project to revamp its incinerator and has been plagued with cash flow problems.


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Comment by Powell Gammill
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The bankruptcy means the city will lose state aid, but that is better than the proposed recovery plans, Councilwoman Susan Brown-Wilson said....

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