Puerto Rico defaults officially

Puerto Rico and it’s far left Marxist government has officially defaulted for the first time in the terrority’s history. Puerto Rico had until August 1st (then August 3rd) to pay $58 million payment on its Public Finance Corp bonds. The far left government of Puerto Rico paid $628,000 out of the $58 million and has officially defaulted.

Puerto Rico defaults officially

Puerto Rico defaulted on its full payment of its bonds for the first time in the commonwealth government’s history.

“Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today,” said in a statement Melba Acosta, head of Puerto Rico’s Government Development Bank.

Puerto Rico paid $628,000 out of a $58 million payment on its Public Finance Corp bonds which were due August 1st.

Puerto Rico wants to become the 51st state and liberals want them to become a state so they can have two far left Senators and at least one far left House rep. No thanks.