Democratic presidential candidate Martin O’Malley addressed the largest national Latino civil rights and advocacy organization in the U.S. and heavily focused on immigration and its impact on the economy.
With Puerto Rico facing $70 billion of debt, U.S. congressional lawmakers are attempting to introduce legislation granting the commonwealth to file for Chapter 9 bankruptcy.
David Tawil of Maglan Capital, which owns some of Puerto Rico's debt, stated in an interview earlier in March that he believes the U.S. territory won't default, and that $2-3 billion of financing will quell the financial pressure. Puerto Rico has a deal of fruitful, robust double-digit returns on tax-free bases, but poorly-run finances have lead to its current economic status.
Puerto Rico, known for its beautiful beaches and the charm of Old San Juan, has a lot more going on than its tourist spots; it's an island that is facing a major debt crisis and it's in need of a U.S. economic boost.
