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Puerto Rico Faces Debt Deadline

The Puerto Rican Capitol building is seen as the island's residents deal with the government's $72 billion debt on July 1, 2015 in San Juan, Puerto Rico. (Joe Raedle/Getty Images)
The Puerto Rican Capitol building is seen as the island's residents deal with the government's $72 billion debt on July 1, 2015 in San Juan, Puerto Rico. (Joe Raedle/Getty Images)

Puerto Rico’s deadline for $422 million in debt payments is May 1st, but most economists believe the island doesn’t have the money available to make the payment in full. Congress has been working on legislation to assist the island but has yet to reach an agreement. Here & Now’s Jeremy Hobson speaks to Mike Regan from Bloomberg about the latest.

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