Puerto Rico Debt Crisis Explained: 5 Things To Know About The Default And Congress

Puerto Rico defaulted Monday on $422 million worth of municipal bond debt, putting increasing pressure on Washington lawmakers to help broker a deal between creditors with stakes in the U.S. territory and the small island government. The default represents a relatively small chunk of the overall debt of $70 billion debt that is putting Puerto Rico underwater.

Here are five things to know about the debt crisis facing Puerto Rico.

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