Economy Update From NPR: Puerto Rico Begins Hearings To Restructure Billions Of Dollars In Debt

Puerto Rico Begins Hearings To Restructure Billions Of Dollars In Debt
In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory’s $74 billion public debt. It’s a process akin to bankruptcy, in which bondholders, public employees and retirees owed pensions are all fighting for what’s owed to them.

Read more on NPR

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