State defaults in the United States
State defaults in the United States are instances of states within the United States defaulting on their debt. The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. Certain politicians and scholars have argued that the law should be amended to allow states to file for bankruptcy.
Q35657
states
Concept
Q30
United States
LOC
Q1092023
defaulting
Concept
Q696482
Great Depression
MEDIA
Q1612
Arkansas
LOC
Q4856460
Bankruptcy Code
MEDIA
Q96406446
State defaults in the United States
UNK
1933-01-01T00:00:00Z^^http://www.w3.org/2001/XMLSchema#dateTime
1933
DATE
country