Online report of the Progressive Review. For 53 years, the news while there's still time to do something about it.
April 6, 2016
Puerto Rico suspends debt payments
Democracy Now - The Puerto Rican Senate and the House of Representatives have both passed an emergency declaration authorizing the governor to suspend payments on $72 billion in public debt—setting up a dramatic showdown between Puerto Rico and hedge funds amid the island’s historic debt crisis. The bill authorizes the Puerto Rican governor to "protect the health, security and public welfare ... [by] using government funds first and foremost for public services."