Puerto Rico Accounting Practices Cited as Hurdle to Senate Help

  • Obama administration says humanitarian crisis could develop
  • Island's governor says debt payments are likely to be missed

Puerto Rico’s New Debt Crisis Plan

A senior Republican senator said lawmakers need better data on Puerto Rico’s financial situation before helping the island, as the Obama administration and the territory’s governor stepped up their warnings about the depths of its crisis.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.