Detailed text transcripts for TV channel - FOXNEWS - 20150701:20:12:00
It's believed could raise more than $1 billion a year but that is still a long way from $72 billion in debt. higher property taxes, suspension of the minimum wage and fewer teachers are other recommendations. some have compared puerto rico's situation to detroit which filed for bankruptcy in 2013. but as of right now, today, puerto rico cannot file for chapter 9 bankruptcy protection. democrat senators chuck schumer of new york and richard blumenthal of connecticut are working on a proposal to give puerto rico similar bankruptcy code options our cities have and the white house is urging congre...
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