Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
As Puerto Rico Nears Record Default, Island Complains to U.N. That U.S. Violating Sovereignty Rights
Posted
December 30, 2015
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16:56Now PlayingDemocracynow.org - Puerto Rico is just days away from the biggest municipal bond default in U.S. history, and Congress is doing nothing to stop it. The U.S. territory faces a January 1 deadline to pay bondholders around $1 billion, a fraction of the $72 billion it owes overall. Puerto Rico has warned it will be unable to make at least some of its upcoming payment, and what it can pay could be drawn from funds it doesn’t actually have. Congress could have prevented a default, but passed on their opportunity earlier this month. The governor of Puerto Rico has complained to the United Nations that the United States is backtracking on its promises of self-government on the island. We are joined by Edwin Meléndez, professor of urban affairs and planning at Hunter College and the director of the Center for Puerto Rican Studies, as well as Democracy Now! co-host and New York Daily News columnist Juan González, who has extensively covered the Puerto Rico debt crisis.
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