State and Local Debt Defaults Hit Three-Year High in 2024

Defaulted state and local government debt surged to a three-year high in 2024. Explore the factors behind this financial turbulence and its impact.

A visually striking image of a city skyline at dusk, with a focus on financial district buildings, s
State and Local Debt Defaults Hit Three-Year High in 2024

The amount of defaulted state and local government debt reached a three-year high in 2024.

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