Republican U.S. Senate candidate Carly Fiorina suggested that the state of California should consider declaring bankruptcy, apparently unaware that states cannot do that under federal bankruptcy law.
The comments were first reported Tuesday in the Riverside Press-Telegram. Fiorina, the former head of Hewlett-Packard, hosted a business roundtable at a cement plant in Colton, Calif., and a businessman asked her if the state should consider filing for bankruptcy.
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