Puerto Rico Files For Bankruptcy
Puerto Rico Files For Bankruptcy
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Nearly one year to the day after Puerto Rico defaulted on over $400 million in debt payments on its $72 billion in liabilities, the U.S. territory placed its debt into federal bankruptcy court.
Human rights observers say the focus on money distracts from the suffering of the Puerto Rican people caused by austerity measures.
We get the latest from Eric LeCompte, executive director of Jubilee USA, an alliance of non-governmental agencies and faith communities advocating for economic and social justice.