Debt Payment Due for Puerto Rico Tuesday As Congress Holds Hearing - NBC Bay Area
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Debt Payment Due for Puerto Rico Tuesday As Congress Holds Hearing

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    Debt Payment Due for Puerto Rico Tuesday As Congress Holds Hearing
    AP
    In this April 30, 2015, file photo, Puerto Rico Gov. Alejandro Garcia Padilla delivers his budget address for the next fiscal year at the Capitol building in San Juan.

    There’s been little relief since Puerto Rico’s governor declared the U.S. territory’s $72 billion debt unable to be paid, according to NBC News.

    Backers of proposals to allow Puerto Rico to restructure its debt through a bankruptcy process often used by U.S. cities were to begin gathering in Washington, D.C.

    A Senate committee was to hold another hearing on the crisis. Governor Alejandro Garcia Padilla will be a witness at a 10 a.m. hearing held by the Senate Judiciary Committee.

    As of Monday, Puerto Rico was undecided on whether to let the deadline pass without payment, thereby defaulting and possibly setting off a court battle. That decision would be made on Tuesday, NBC News reported.