Puerto Rico Close To Bankruptcy, U.S. To Send Help?

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Annual Puerto Rican Day Parade Held In New York City

The bad news: Puerto Rico is close to bankruptcy. The good news: USA may be step in to help the commonwealth!

According to Fox News Latino, Puerto Rico’s rising debts and decreasing economic growth has put the island nation on the verge of bankruptcy. While the United States intends to help, it will not come in the form of actual dollars. At an investor event in NY,  Puerto Rico’s Senate President Eduardo Bhatia says the aid will come in “economic reforms,” changing tax laws, and a reduced government work force.

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