Money | Oversight and debt restructuring could be Puerto Rico’s likeliest chance for lasting reform
by David Skeel
Posted 4/15/16, 01:00 am
The clock is about to strike midnight for Puerto Rico. With payments of $422 million in debt due in May and $2 billion in July, Puerto Rico has run out of ways to postpone its looming default (see “Puerto Rico panic,” Dec. 26, 2015).