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Any failure to pay due debt would effectively amount to a default, which, however briefly, could shake confidence in the American economy and unsettle global financial markets.
The government paid roughly half of $2bn in due debt, but said it did not have the money to pay $779m worth of general obligation bonds that are given top priority by the island's constitution.
Certes, I hold it for a point of a base and servile mind, and wherein there is no goodnesse at all, to chuse rather to be surprised and taken in theft, than to bring home borrowed good, or to repay a due debt, especially when the occupying, use, and interest thereof, hath gained a man as much as the principall.
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Past due public debts: The state has also put the payment of past due debts towards private citizens on ice, to the tune of 4.8 billion euros.
Rates of past-due debt are generally highest in southern and western states, and lowest in the upper Midwest.
Cook County Minnesota can boast the nation's lowest prevalence of past-due debt, at just 6percentt.
She would also have the authority to revise payments and fees to contractors for rehabilitating past-due debt — all of which has Senate Democrats concerned.
"With respect to the Work Number specifically, it is only one of many data sets used by financial institutions to help collect past-due debt," Equifax said.
There has been a fairly steady increase in the total amount of past-due debt in the program, even as the number of borrowers has declined, suggesting that interest charges and other fees are being tacked on to balances.
Nearly half the residents of Louisiana have debt that has gone into collections, making that state America's capital of past-due debt, according to a new national map of indebtedness released by the Urban Institute this week.
For local politicians to directly blame the island's $72bn "unpayable" – and yet coming-due – debt solely on US economic policy is not a good enough explanation: every colonial master needs an accomplice, and Puerto Rico's political class has served their masters well.
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