Puerto Rico Likely To Get Chilly Reception In Congress Without Meaningful SacrificeMark Melin
Puerto Rico, which could run out of cash by year end, unveiled a debt restructuring plan today that might be most notable for what was missing. While the plan proposed installing new accounting and financial systems, consolidating schools and decreasing tax evasion while increasing revenue capture, all optimistic if relatively painless “solutions,” the real pain appears to have been left out.
Puerto Rico plan still has budget gap of nearly $13 billion as . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible