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Puerto Rico Says It Can't Pay Its Debt04:42

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The governor of Puerto Rico wants creditors to postpone bond payments and restructure the U.S. territory's $72 billion in public debt as the government closes out its fiscal year today, amid growing uncertainty about the island's economy.

Gov. Alejandro Garcia Padilla also said the island could face huge budget cuts as it deals with its financial crisis, which has drawn comparisons to the debt crunch that has hit Greece.

NPR's Greg Allen is covering this and joins Here & Now's Jeremy Hobson from San Juan with the latest.


This segment aired on June 30, 2015.

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