Puerto Rico Defaults On Debt Payment
Puerto Rico defaulted today on a $422 million debt payment, but some of the country’s larger creditors have agreed to forestall legal action. The hope is that further talks can help solve the U.S. territory’s liabilities, which total around $72 billion.
Many human rights observers say that the focus on money has distracted attention away from the suffering of the Puerto Rican people.
We talk about the human costs of the debt crisis with Eric LeCompte, executive director of Jubilee USA, an alliance of NGOs and faith communities advocating for economic and social justice.