Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Puerto Rico's Debt Crisis is Focus of 2 Congressional Hearings as Dems Propose a "Super-Bankruptcy"
Posted
February 26, 2016
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February 26, 2016
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2:45Now PlayingDemocracy Now! cohost Juan González reports Congress held two hearings on the Puerto Rican debt crisis Thursday after House Speaker Paul Ryan set a March 31 deadline to pass a bill that addresses the issue. Democrats and Republicans are divided on what action to take. Democrats have proposed a "superbankruptcy" that would allow the U.S. territory to settle its debts with creditors under a restructuring deal. Republicans want a control board if it provides financial assistance, as has happened in places like Detroit. But González notes Puerto Rico has objected to such control since it is a selfgoverning territory.
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