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In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with William Freeland. Freeland is a research analyst with the American Legislative Exchange Council. Freeland joins Hathaway to discuss Puerto Rico’s growing financial crisis.
Puerto Rico, a beautiful country, currently finds itself in an ugly mess. Freeland explains how federal regulations and bad economic policies caused the territory’s problems. Freeland also explains that amending federal Chapter 9 bankruptcy rules to allow states and territories may not be as crazy as it sounds, and how Puerto Rico’s economic woes will affect investors here in the mainland.