11/15/11, "Bankrupt Harrisburg (Pa.) holds Wild West auction," BBC
"Harrisburg, Pennsylvania is filing for bankruptcy after years of excess borrowing and spending. Will other American cities be forced to do the same?...
An acrimonious row over what to do about the debt, involving the mayor, members of the council, creditors and the Commonwealth of Pennsylvania, will now go before a federal bankruptcy judge.
Pennsylvania is poised to take over.
"Everyone calls Harrisburg the mini-Greece," says Mr Veronikis. "Our finances are not in order. We can't pay back our debt. And we have a higher power telling us what to do.""...
One third of Harrisburg residents live below the poverty line. (3rd paragr. from end of article)
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Lost bet on 'green' incinerator" causes bankruptcy of Harrisburg, capitol of Pennsylvania
10/12/11, "Harrisburg, Pa., Votes to File for Bankruptcy," National Journal
"Pennsylvania's capital city voted to file for Chapter 9 bankruptcy protection on Tuesday as it faced a state takeover, according to media reports.
The City Council voted 4-3 to seek bankruptcy protection for Harrisburg, which has a debt burden five times its general-fund budget "because of an overhaul and expansion of a trash-to-energy incinerator
- that doesn’t generate enough revenue," Bloomberg Businessweek reported."
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