Arkansas

Like Depression-era Arkansas, Puerto Rico took on too much debt, leading to a crisis when the worldwide economy shrank. But there are some key differences.

Long before Puerto Rico's debt crisis, Arkansas' defaults were followed by a decade of refundings, a debt exchange, and ultimately Federal help to resolve its problems.

A three part series examining Arkansas' road to default, the state's efforts to resolve the crisis, and the similarities and differences with Puerto Rico today.