Analysis: Puerto Rico's economy may get worse befo
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Posted On: 04/24/2013 9:45:11 AM
Analysis: Puerto Rico's economy may get worse before it gets better By Michael Connor (Reuters) - Puerto Rico's new governor is trying to heal the Caribbean island's wounded public finances with an austere budget heavy with new taxes that could sap life from a wobbly economic recovery. When Governor Alejandro Garcia Padilla presents his first budget on Thursday, he will be closely watched by America's $3.7 trillion municipal market, which is ever more worried about the U.S. commonwealth's ability to finance its public debts. ...
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