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States in Trouble: Bankruptcy, Bailout or Default?
Should states in fiscal crisis be able to declare bankruptcy? As California and Illinois hike taxes and slash spending to avert disaster, Congress is faced with growing pressure to rescue ailing state governments. Join us to hear leading scholars discuss the political, policy, and legal concerns surrounding the danger of state bailouts. The panel will present a variety of viewpoints on the pros and cons of bankruptcy and default, and on the tools state governments need to get their fiscal houses in order.
Nicole Gelinas, Searle Freedom Trust Fellow at the Manhattan Institute and Senior Policy Advisor at e21
Clayton Gillette, Max E. Greenberg Professor of Contract Law at New York University School of Law
E. J. McMahon, Senior Fellow at the Empire Center for New York State Policy
David Schleicher, Assistant Professor at George Mason School of Law
Glenn Siegel, Partner at Dechert LLP
David Skeel, S. Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School
Moderated by Nicole Lapin of CNBC.
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We are a nonprofit, nonpartisan organization dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.