SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island commonwealth missed nearly $370 million on a bond payment Monday and officials warned of worse to come if Congress doesn't help it dig out from a mountain of $70 billion in obligations.
The default was the largest in a series of missed payments by the struggling U.S. territory since last year and Gov. Alejandro Garcia Padilla warned it was unlikely to be the last.
SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island commonwealth missed nearly $370 million on a bond payment Monday and officials warned of worse to come if Congress doesn't help it dig out from a mountain of $70 billion in obligations.
The default was the largest in a series of missed payments by the struggling U.S. territory since last year and Gov. Alejandro Garcia Padilla warned it was unlikely to be the last.…
