The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
May 2, 2016

Puerto Rico to Miss $400 Million Debt Payment Today
---------------------------------------------------

Puerto Rico is slated to miss its biggest debt repayment thus far, after
Governor Alejandro García Padilla declared a moratorium on a more than
$400 million payment due today. Padilla spoke out.

Gov. Alejandro García Padilla: "We have asked Congress over and over
again to approve the measures so that we can restructure our debts. We
don't want a bailout, and we have not been offered a bailout. What we
want is a restructuring process that will not cost the United States
anything. We simply need the legal tools that will allow us to confront
this crisis and assure that Puerto Rico will have a viable future."



.