Comment on Puerto Rico debates consequences of paying off debt

Puerto Rico debates consequences of paying off debt

Read More...SAN JUAN, Puerto Rico (AP) — Puerto Rico’s budget director says the U.S. territory cannot pay off its debt and provide essential services at the same time. Luis Cruz Batista spoke Monday during a public hearing in which Puerto Rico legislators debated a proposed $9.1 billion budget. He warned that nearly 3,500 public employees would have to be laid off in part if the island were required to meet all its debt obligations.

 

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