Harrisburg Expects to Miss a Bond Payment

The Age of Default:

http://dealbook.blogs.nytimes.com/2010/09/03/harrisburg-expects-to-miss-a-bond-payment/
The capital of Pennsylvania has taken a step closer to a possible bankruptcy declaration, warning this week that it was not going to make a scheduled payment of $3.3 million on its general obligation bonds because it did not have the money.