SACRAMENTO, Calif. (AP) — Republican U.S. Senate candidate Carly Fiorina says California should not rule out filing for bankruptcy to deal with its fiscal mess.
The former Hewlett-Packard chief executive was responding to a question when she said bankruptcy could be considered, in part because it "focuses the mind."
Her comments, made to a group of Inland Empire business leaders in Colton, were reported Tuesday by The Press-Enterprise newspaper of Riverside.
U.S. bankruptcy law does not cover states, so it would not be an option for California.
Tom Dresslar, a spokesman for state Treasurer Bill Lockyer, calls such talk counterproductive and says it hurts California's reputation in the bond market.