Puerto Rico mulls debt moratorium, other options amid crisis

SAN JUAN, Puerto Rico – Puerto Rico officials say they are considering new emergency measures to confront an economic crisis. Those could include a debt moratorium and having independent agencies take over some public operations.

Wednesday’s announcement comes just hours after the government released a long-awaited draft of its financial report that said there is “substantial doubt” public agencies can keep operating under current fiscal constraints.

Gubernatorial Chief of Staff Grace Santana says officials are considering several options as the government’s liquidity continues to dwindle.

The 370-page unaudited financial report was released Tuesday as Puerto Rico pushes to obtain a restructuring mechanism from U.S. Congress to deal with its $72 billion public debt.