Shutdown Unresolved, Imperiling Credit Rating
Puerto Rico faced a possible downgrade of its credit rating as political leaders remained deadlocked over how to resolve the island’s fiscal crisis seven days into a partial government shutdown.
Gov. Anibal Acevedo Vila and the opposition-dominated Legislature continued to hash over possible solutions for the crisis.
The two sides have floated competing proposals to close a $740-million budget gap that led to the May 1 closure of 43 government agencies and nearly 1,600 schools, sending home more than 95,000 government workers and 500,000 students.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
