Puerto Rico is $72 billion in debt, but it can’t declare bankruptcy as a territory. So should the U.S. come to Puerto Rico’s aid?
Why Congress Should Let Puerto Rico Declare Bankruptcy
“It hasn’t exactly been a quiet week in the world’s debt markets.”
Senate Republicans Introduce Bill for Puerto Rico Relief
“Under pressure to help Puerto Rico avoid a bond default on Jan. 1, Senate Republicans introduced a bill on Wednesday to extend several forms of assistance to the island.”
Chapter 9 – Bankruptcy Basics
“The first municipal bankruptcy legislation was enacted in 1934 during the Great Depression. ”
Misguided Plan for Puerto Rico Would Set Dangerous Precedent
“Puerto Rico faces an imminent financial crisis caused by decades of economically harmful policies, prolific government spending, and broken-if not corrupt-governance.”
Music Track Courtesy of APM Music: “Ephimeral”
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