Puerto Rico Struggles With Impending Debt Crisis

SAN JUAN, PUERTO RICO - NOVEMBER 14: Governor Alejandro Garca Padilla announces a 200 million dollar expansion of pharmaceutical operations of Eli Lilly in Puerto Rico at the Governor's Mansion on November 14, 2013 in San Juan, Puerto Rico. The island-territory of the United States is on the brink of a debt crisis as lending has skyrocketed in the last decade with the government issuing municipal bonds. Since the tax exemption for american manufacturing companies expired in 2006 Mr. Garca Padilla said jobs in that sector have dropped from around 170,000 to about 80,000. (Photo by Christopher Gregory/Getty Images)
SAN JUAN, PUERTO RICO - NOVEMBER 14: Governor Alejandro Garca Padilla announces a 200 million dollar expansion of pharmaceutical operations of Eli Lilly in Puerto Rico at the Governor's Mansion on November 14, 2013 in San Juan, Puerto Rico. The island-territory of the United States is on the brink of a debt crisis as lending has skyrocketed in the last decade with the government issuing municipal bonds. Since the tax exemption for american manufacturing companies expired in 2006 Mr. Garca Padilla said jobs in that sector have dropped from around 170,000 to about 80,000. (Photo by Christopher Gregory/Getty Images)
Puerto Rico Struggles With Impending Debt Crisis
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November 14, 2013
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