Puerto Rico Defaults on $2B Debt

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.

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

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