Puerto Rico Just Became the First U.S. Territory to Declare Bankruptcy
(ANTIMEDIA) Puerto Rico — For the first time in American history, a territory claimed by the United States is filing for what is essentially bankruptcy.
On Wednesday, the New York Times reported that Puerto Rico, which the U.S. appropriated following the Spanish-American War, has just claimed in a New York federal court filing that due to its massive debt, the island is “unable to provide its citizens effective services.”
