NPR’s The Marketplace (Puerto Rico’s Fiscal Plan)

By Aaron Schrank

March 29, 2018

Six months after Hurricane Maria, Puerto Rico’s governor is pushing an austerity plan he hopes will turn things around in the bankrupt U.S. commonwealth. He reckons the plan would allow the bankrupt U.S. commonwealth to pay back half of the principal on its debt — which includes more than $70 billion in bond debt and $50 billion in pension liabilities.  But the cuts could be painful.

Click the audio player below to hear the full story.