Gabrielle Cintorino, The Heartlander
The slow-motion train wreck that is the economy of Puerto Rico is officially going off the rails. Lawmakers in the United States territory announced plans to partially default on $1 billion in monthly bond payments owed to investors in state-owned corporations. The potential for a large- scale bankruptcy is growing as some in Congress explore the idea of amending federal laws to allow states to declare bankruptcy.....
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