July 14, 2017
04:42
04:42
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Money Talks: Puerto Rico’s chief mediator calls meeting with US creditors
It is the biggest municipal bankruptcy in US history. And now Puerto Rico's chief mediator meet with the US territory' s creditors to seek the best way forward for servicing its massive debt. This comes a month after the country voted to become the 51st American state. But voter turnout was extremely low; around 20%. Many think becoming a US state is the best way to service its massive debt. Association of Economists president Jose Caraballo Cueto joins us from Bayamon, Puerto Rico.
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