Posted inBusiness

Puerto Ricoโ€™s Governor Says Island Cannot Pay Back $70 Billion in Debt, is Near โ€˜Death Spiralโ€™

Michael A. Fletcher, THE WASHINGTON POST   (The Washington Post) โ€” The governor of Puerto Rico has decided that the island cannot pay back more than $70 billion in debt, setting up an unprecedented financial crisis that could rock the municipal bond market and lead to higher borrowing costs for governments across the United States. Puerto […]

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