Puerto Rico Wishes It Could Declare Bankruptcy
The U.S. territory is in the midst of a financial crisis as record numbers of Puerto Ricans are moving to the U.S.By Kate Grumke | December 1, 2015
Puerto Rico just barely made a deadline on a debt payment of $354 million to bondholders.
But this is far from the end of Puerto Rico's financial troubles.
Before the payment, many observers thought the U.S. territory would default on its payment. It defaulted on $60 million for the first time in its history in August.