All of Puerto Rico has lost electricity. Entire towns are swamped in the deluge. Streets have become rivers and trees have crushed homes.
Hurricane Maria is Puerto Ricos worst in nearly a century, a double blow as it follows the destructive Hurricane Irma by just two weeks. The costs, both human and financial, have only begun to come into view. This much is certain: the U.S. territory, bankrupted by runaway debt, now confronts an even deeper economic crisis. Four months after the islands government sought protection from creditors in the nations largest municipal insolvency, the odds of a speedy resolution now appear to be dimming. President Donald Trump said Thursday he plans to visit the island and declared Puerto Rico a d…
Read the full article at: https://www.bloomberg.com/news/articles/2017-09-21/puerto-rico-economic-crisis-grows-in-wake-of-maria-s-human-toll