
Puerto Rico Defaults on Debt; California Should Worry
Puerto Rico officially defaulted on part of its $73 billion in debt on Monday afternoon, when the U.S. territory only paid $628,000 toward a $58 million debt due by 5 p.m.

Puerto Rico officially defaulted on part of its $73 billion in debt on Monday afternoon, when the U.S. territory only paid $628,000 toward a $58 million debt due by 5 p.m.