Puerto Rico’s debt crisis may worsen

Puerto Rico’s default today on a roughly $400 million bond payment could be “just the beginning,” its Governor warned, invoking a repayment moratorium and urging congress to act on legislation to restructure the debt of the US Commonwealth.

Here’s a good explainer of how things got to this point…

https://twitter.com/peri_gisele/status/727184699517456384

Meanwhile…

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