Treasury Officials Increase Efforts With Finances of Puerto Rico

This article addresses the continued financial woes of the United States Commonwealth located in the Caribbean. The largest economic problem in Puerto Rico, which has caused a number of other smaller issues to develop, is that the island’s debt continues to grow larger and larger. There is now there is a fear that they will not be able to pay back bonds they sold. Default on these bonds is becoming more of a reality. As a result numerous treasury officials have traveled to the island to meet with local government. The article touches on a few potential solutions such as allowing access to the discount window for further borrowing, the government bailing out the commonwealth which seems unlikely or the further sale of bonds to a hedge fund. 

Source: http://www.nytimes.com/2015/04/14/business/dealbook/treasury-officials-increase-involvement-with-finances-of-puerto-rico.html?_r=0