Puerto Rico Defaults on $2B Debt

Puerto Rico Defaults on $2B Debt

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses Puerto Rico's financial crisis, highlighting its inability to pay for essential services and its $2 billion debt. It explores the potential ripple effects of a default and the implications of a bill signed by President Obama, which temporarily prevents investors from suing for payment. The Federal Control Board will eventually address necessary debt restructurings.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What essential services are affected by Puerto Rico's lack of funds?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of the Federal Control Board in Puerto Rico's financial situation?

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