Fiscal institutions and fiscal crises / Isabel Rodriguez-Tejedo and John Joseph Wallis -- Obligations without the power to fund them / Damon A. Silvers -- Public pension pressures in the United States / Olivia S. Mitchell -- Structural challenges in state budgeting / Josh Barro -- What states can learn from municipal insolvency / Clayton P. Gillette -- Market discipline and U.S. federalism / Jonathan Rodden -- American states and sovereign debt restructuring / Adam Feibelman -- State bankruptcy from the ground up / David A. Skeel, Jr. -- Fiscal federalism and the limits of bankruptcy / Adam J. Levitin -- Extending bankruptcy law to states / Michael W. McConnell -- Bankruptcy for the states and by the states / George Triantis -- Labor and the states' fiscal problems / Catherine Fisk and Brian Olney