“Puerto Rico has filed for bankruptcy.”

“It’s the biggest municipal bankruptcy filing ever in the US. Puerto Rico currently owes its creditors a whopping $70 billion, far higher than Detroit’s $18 billion bankruptcy in 2013.

“Given the deficit that we have inherited, it is my responsibility to guarantee the best interests of the Puerto Rican people,” Governor Ricardo Rosselló said Wednesday.”

http://money.cnn.com/2017/05/03/news/economy/puerto-rico-wants-to-file-for-bankruptcy/

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