https://www.nytimes.com/2017/05/06/u...iety.html?_r=0
On Wednesday they declared they are broke. They cannot declare Chapter 9 bankruptcy because technically they are only an United States territory and not a true state.
They will probably not pay back anywhere between $74 and $120 Billion owed to their creditors.
What gets me though is: "American citizens whose per capita income is about $15,000 but who pay $6.25 for a gallon of milk and have an 11.5 percent sales tax."
They actually pay more for milk than Canadians, that is downright crazy. Its also a stern warning to anyone who says we should join the US as a "territory" as a trial run - If you want to pay $8 for four litres of milk and get paid $19,000 Cdn per year - that is the reality of being a US territory.