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Politics and Economics

Chapter 9 Bankruptcy Is Not In the Interest of Puerto Rico or U.S. Taxpayers

Congress will decide soon if Puerto Rico gets Chapter 9 bankruptcy[/caption] Puerto Rico has racked up more than $70 billion in public debt, and its governor announced it will default on a $420 million bond payment due today. The governor of Puerto Rico, as well as President Barack Obama and many Democrat politicians in Washington […]