McConnell says he favors state bankruptcy over more federal aid

WASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Wednesday opened the door to allowing U.S. states to file for bankruptcy to deal with economic losses stemming from the coronavirus outbreak that are punching big holes in their budgets.McConnell, in a radio interview, said Republicans would not support giving state and local governments more money in future coronavirus aid legislation, saying those funds could end up being used to bail out state pensions.Speaking on the Hugh..