Crushing Puerto Rico: Drastic budget cuts will only deepen debt crisis on May 29, 2017Puerto Rico’s debt crisis has been in a downward trajectory for years as the U.S. Territory’s debt has ballooned to over $120 billion. On May 17, federal court proceedings began with it’s creditors on how to restructure the debt. The territory is ineligible for Chapter 9 bankruptcy, like what the City of Detroit filed, causing […]