Puerto Rico has defaulted for the second time in five months, as the island struggles with massive debt obligations and a flagging economy.

Last week, the island’s governor said it would pay most, but not all, of the nearly $1 billion it owed, using extraordinary financial measures.

According to the BBC, Governor Alejandro Padilla has called for the island to be granted bankruptcy rights like those on the mainland.

Overall, the island has a total debt load of about $70 billion, which Governor has said the island cannot pay.

The US Congress is set to debate the issue in the coming weeks.



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