3min chapter

Very Serious with Josh Barro cover image

David Schleicher on the Fiscal Whipsaw in State Governments

Very Serious with Josh Barro

CHAPTER

The Impact of the Pandemic on the Bond Market

CNN's John Defterios asks whether we'll see more municipal bankruptcies. He says some defaults are forced, but many are choices made by the state. The most likely place you'd see them is in special districts like convention centers or transit agencies," he says. "With that flow of funds stopped, I will see structurally whether things like the convention business ... are kind of structurally different"

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