Puerto Rico defaults on $58M debt payment

UPI ^ | 8-4-2015 | Danielle Haes

[tcrlaf]

Puerto Rico paid only $628,000 on a $58 million debt bill due Monday, putting the country into default for the first time.

The country's Government Development Bank was supposed to make the full payment on its Public Finance Corporation debt service, but failed to do so. Moody's said it considers the lack of payment a default, CNBC reported.

"Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today (the first business day after the Saturday deadline)," GDB President Melba Acosta-Febo said in a statement.

[Shadow44]

Time to change its name to Puerta Dueda!

[RKBA Democrat]

Since when is PR a country?

[Stanwood_Dave]

I forgot about the 57 states by our POTUS Obama: Fake black (Mulatto) man. Fake Messiah. Fake American.

How many fakes can you fit in one Zer0?

“Commander Zero.”

[P.O.E.]

Another mystery.

[lowbridge]

Puerto Rico . . . 
You ugly island . . . 
Island of tropic diseases. 
Always the hurricanes blowing, 
Always the population growing . . . 
And the money owing, 

http://www.youtube.com/watch?v=Qy6wo2wpT2k

[Up Yours Marxists]

Time to make PR a penal colony.