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Pennsylvania capital Harrisburg files for bankruptcy

Frolicking Dinosaurs

Frolicking Dinosaurs

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The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, a move quickly opposed by the city's mayor.

Harrisburg faces debts of $300m (£190m) and has struggled to pay for services.
The move comes as the state legislature considers a takeover of the city and the implementation of a "rescue plan".
Last year, municipal bond analysts expected many bankruptcies from cities under debt pressure, but few localities have actually taken the step.
The city council voted 4-3 on Wednesday to file for bankruptcy under a rarely used code for towns and cities.
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BBC News - Pennsylvania capital Harrisburg files for bankruptcy
 
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