Puerto Rico prepares to pay back debt
Puerto Rico’s struggling economy and weak job market has people — and money — leaving the island. Puerto Rico is getting ready to make a big debt payment next week, but what happens if it defaults? The debt and the payoff will have a major impact on Puerto Rico’s budget and infrastructure, and could even affect the U.S. bond market. Marketplace host Adriene Hill talks to Marketplace’s Andy Uhler for more details.
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