FIRST AIRED: June 3, 2016

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00:00:00
nnnnn while the whole world is watching greece's debt crisis play out the governor porto rico sounding off his own alarm bells governor alejandro garcia padilla admitting the u. s. territory can not pay back at seventy three billion dollars of debt and that quote difficult decisions must be made the comments coming as a damning report by former i am f. staffers detail the magnitude of the crisis , british correspondent ed cruelty chapter nine's the chapter of the u. s. bankruptcy code that applies to municipalities but it does not apply to put a rica so that if they call father chapter nine i mean and they did develop that means they would have to go into receivership that big door suits had become a messy default therefore even suggest the so called restructuring of the general obligation debt basically asking investors to agree to new terms are possibly for giving some of what is out crunch time is now with several bond payments coming due this week