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The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]
Throughout history, martial law has been imposed at least 68 [3] times in limited, usually local areas of the United States. Martial law was declared for these reasons: Twice for war or invasion, seven times for domestic war or insurrection, eleven times for riot or civil unrest, 29 times for labor dispute, four times for natural disaster and ...
The War Powers Resolution (also known as the War Powers Resolution of 1973 or the War Powers Act) (50 U.S.C. ch. 33) is a federal law intended to check the U.S. president's power to commit the United States to an armed conflict without the consent of the U.S. Congress.
State bankruptcies have recently become an open question as the coronavirus pandemic shreds many states’ finances. No state has ever declared bankruptcy, though. As state and local governments ...
SUMMARY: Republicans who just bailed out thousands of private companies and supported a vast increase in federal deficit-spending now want states to declare bankruptcy.
President Abraham Lincoln advising with his Generals during the American Civil War. President Abraham Lincoln was deeply involved in strategy development and day-to-day military operations during the American Civil War, 1861–1865; historians have given Lincoln high praise for his strategic sense and his ability to select and encourage ...
In 1845, Congress admitted Texas as a state. The documents governing Texas's accession to the United States of America do not mention any right of secession—although they did raise the possibility of dividing Texas into multiple states inside the Union. Mexico warned that annexation meant war, and the Mexican–American War followed in 1846. [68]
(The Center Square) – President-elect Donald Trump has made international headlines by suggesting that Canada could become the 51st state and the U.S. could purchase Greenland. U.S. expansionist ...