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Will Senate Republicans force New York into default?

NOVEMBER 10, 2020 | by Christopher Whalen | THE INSTITUTIONAL RISK ANALYST

By Christopher Whalen, includes “The weak showing by the Democrats has stymied much of the promised Biden agenda, particularly trillions of dollars in aid to large cities in blue states that was seen as a given only weeks ago. The situation facing New York is perhaps worse than that facing other cities, both because the government of Mayor Bill DeBlasio already had a spending problem as 2020 began and because the impact of COVID on New York is more severe.”

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