You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Puerto Rico to Miss $400 Million Debt Payment Today

HeadlineMay 02, 2016

Puerto Rico is slated to miss its biggest debt repayment thus far, after Governor Alejandro García Padilla declared a moratorium on a more than $400 million payment due today. Padilla spoke out.

Gov. Alejandro García Padilla: “We have asked Congress over and over again to approve the measures so that we can restructure our debts. We don’t want a bailout, and we have not been offered a bailout. What we want is a restructuring process that will not cost the United States anything. We simply need the legal tools that will allow us to confront this crisis and assure that Puerto Rico will have a viable future.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top