As Puerto Rico's Relief Bill Runs Through Congress, Virgin Islands Debt Even More Challenging

As Puerto Rico’s elections are heating up, with a populist approach to handing out responsibility for forcing bond holders to accept some losses being potentially put in jeopardy, businesses are leading a migration off the island and individual tax payers are following, a regional business leader points out. But the next problem of an overburdened debt picture might not take place in New Jersey, where JPMorgan recently said their debt was no longer sustainable, but it might take place in the U.S. Virgin Islands. Puerto Rican debt relief bill questioned as putting in jeopardy reputation with investors As a bill passes…