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The Editors

Puerto Rico Needs a Control Board

Chapter 9 isn't enough to turn around Puerto Rico.
Empty beaches, busted budgets.

Empty beaches, busted budgets.

Photographer: Joe Raedle/Getty Images

To escape its fiscal crisis, Puerto Rico's insolvent government is asking Congress to grant it the protections of U.S. bankruptcy law. That won't be enough.

To help set the island on the road to financial recovery, Congress must also appoint a financial control board to take over and stabilize Puerto Rico's budget.