FIRST AIRED: January 25, 2018

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COMING UP:Share Opener Variant 2



>> Bankrupt, hurricane-ravaged Puerto Rico announced Thursday it can't repay any of its debts for another four years. Governor Ricardo Rossello unveiling a revised turnaround fiscal plan, saying the mass destruction caused by last fall's Hurricane Maria now puts Puerto Rico in the red through 2022, with nothing left to repay its $72 billion debt.
The previous plan had projected the island would pay $800 million a year over the next ten years. That was about a quarter of what was due, had the island not gone into default. Puerto Rico, last May, filing the largest municipal bankruptcy in US history.
t Hurricane Maria, which killed dozens, has radically changed the picture, cutting power to all 3.4 million island residents, and destroying tens of billions of dollars in housing.
Puerto Rico's new plan hopes to secure a minimum of $35.3 billion from the US Federal Emergency Management Agency, or FEMA, to help the island recover. In total, Governor Rossello is seeking $94 billion in federal aid, though the latest disaster aid package under discussion in Congress is much smaller.