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AP EXPLAINS: Puerto Rico’s struggle with $72B of public debt – Houston Chronicle

Puerto Rico is staggering under a $72 billion public debt load that its governor has said the U.S. territory cannot pay and must restructure. The island has missed a debt payment and its worsening economic crisis has spooked investors who fear it’s headed toward default, with no options for a bailout or bankruptcy declaration. Here’s a brief explanation of how Puerto Rico accumulated so much debt, how its territorial status complicates matters and how it could emerge from a nearly decade-long economic slump.

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