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"Greatest Fiscal Crisis In Our City's History": Hartford Warns It Will Be Broke In 60 Days

Well, that escalated quickly. Just two months after Standard & Poor’s downgraded its general obligation debt to junk status, warning that the historic Connecticut capital could soon follow other once-proud cities like Detroit into bankruptcy, Hartford city officials confirmed as much when they warned on Thursday that the city could be forced into insolvency within two months if the state doesn’t provide emergency financial relief, the WSJ reports.
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