The U.S. Virgin Islands’ current financial woes are discussed with Fitch Ratings Senior Director Marcy Block. She says the government’s recent actions have helped it in the short-term but haven’t adequately addressed its long-term problems. Hosted by Robert Slavin.
Central Falls Mayor Jim Diossa trumpets his formerly bankrupt city's rise to investment-grade status, and compares the tiny Rhode Island city with other distressed issuers including Detroit, Puerto Rico and Illinois. Hosted by Paul Burton.
When Congress passed the PROMESA last summer, it created a roadmap to address the island’s $70 billion debt crisis and revitalize its economy. The impact of the law now bears watching for millions of Americans living in debt-ridden municipalities and states.