Economic Issues In Puerto Rico

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Lately, our attention is trying to get pointed towards the upcoming elections. On the other hand, Puerto Rico has been undergoing a severe economic crisis. According to some sources the island has to deal with a national debt far exceeding 70 billion dollars. This does not end there. It is estimated by The United States Census Bureau that close to half of the population in Puerto Rico is living under the poverty line. Luckily, Pedro Pierluisi, Puerto Rico's Resident Commissioner, is trying to pass bills that would significantly improve the current financial condition. Pierluisi has sponsored more than 10 bills in the past years regarding the taxation and economic issues. One of his latest bills, which is known as the Puerto Rico Financial

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