Panel hears more testimony on 38 Studios default

Published May 15, 2014 10:46pm ET



PROVIDENCE, R.I. (AP) — The House Oversight Committee has heard more testimony on whether Rhode Island should repay the 38 Studios bonds.

University of Rhode Island economist Leonard Lardaro said Thursday default would hurt the state’s already negative image and be like taping a “Kick me” sign on its back.

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