Puerto Rico Cuts Services as Budget Gap Grows (tags)
Puerto Rico's government continues to cut public services as the economic crisis worsens. The Government Development Bank announced this week that the island's budget gap is $2 billion higher than expected. The prison system in Puerto Rico can no longer pay a vendor that feeds inmates. Some special education teachers are no longer being paid.
Puerto Rico Avoids Default Governor Announces Revenue "Claw-Back" to Fund Government Ser (tags)
Puerto Rico doesn't default under outrageous debt structuring.