Inside The Billion-Dollar Battle For Puerto Rico’s Future

Inside the Billion-Dollar Battle for Puerto Rico’s Future
Old San Juan Beach, San Juan, Puerto Rico.
Old San Juan Beach, San Juan, Puerto Rico.
Education Images/Getty Images

The money poured in by the millions, then by the hundreds of millions, and finally by the billions. Over weak coffee in a conference room in Midtown Manhattan last year, a half-dozen Puerto Rican officials exhaled: Their cash-starved island had persuaded some of the country’s biggest hedge funds to lend them more than $3 billion to keep the government afloat.

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