How Puerto Rico’s $70 Billion Crisis Is About to Get Catastrophic

We consider the worst- and best-case scenarios

Lew: Urgent Need for Congressional Action on Puerto Rico

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Every week, hosts Tori Stilwell, Dan Moss and Aki Ito bring you a jargon-free dive into the stories that drive the global economy.

Puerto Rico missed a $400 million debt payment on Sunday, and bigger, more consequential defaults could follow. But how did things get so bad in the first place? Michelle Kaske, Bloomberg’s municipal bonds reporter, joins Dan and Aki to discuss the best- and worst-case scenarios for the U.S. Territory as its next payment deadline approaches.

SoundCloud: 36: How Puerto Rico's $70 Billion Crisis Is About To Become A Catastrophe by Bloomberg

 

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