CLIP: Puerto Rico's Debt
AIR DATE: Saturday, May 7, 2016
Governor Alejandro Garcia Padilla and Wall Street Journal National Economics Correspondent Nick Timiraos talked about Puerto Rico's default on a $422 million debt payment and the impasse in Washington over how to respond to the crisis.
- Puerto Rican Debt (Video - 37:36)
Resident Commissioner Pedro Pierluisi (D-PR) talked about Puerto Rico’s efforts to resolve its $72 billion debt. He discussed his recent op-ed, in which he argues debt problems can be traced to a lack of federal funding and lack of fiscal discipline.
- Puerto Rico's Political Status and Debt Crisis (Video - 2:47:53)
American University’s Washington College of Law hosted a discussion with legal scholars, professors, and politicians on Puerto Rico’s political status and debt crisis. They presented the history of Puerto Rico’s relationship and legal status with the United States, and considered several options for the territory.
PEOPLE IN THIS VIDEO:
- Gov. Alejandro Garcia Padilla
Puerto Rico, States and Territories, Economy, Recession, Debt, Default