Modal close

Hi there,

You trust Democracy Now! to bring you the news stories and global headlines you won't find anywhere else. But did you know that Democracy Now! never accepts money from advertisers, corporate underwriters or governments? This allows us to maintain the editorial independence you rely on—but it also means we need your help. Right now a generous supporter will DOUBLE every donation to Democracy Now!, meaning your gift can go twice as far. Please do your part. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else. Thank you so much!
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Puerto Rico to Seek Bankruptcy Protection

HeadlineMay 04, 2017

Puerto Rico filed for a form of bankruptcy protection on Wednesday, seeking to restructure $123 billion in debt and pension obligations, in a move that’s likely to slash money for healthcare, pensions and infrastructure on the island territory. Years of austerity programs aimed at paying back the debt has left Puerto Rico’s official unemployment rate at nearly 12 percent, with nearly half of all Puerto Ricans living in poverty. The U.S. Supreme Court will now designate a bankruptcy judge to handle the case.

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
Up arrowTop