Puerto Rico Struggles With Impending Debt Crisis

SAN JUAN, PUERTO RICO - NOVEMBER 12: The La Perla shanty town sits just a few steps from the upscale neighborhoods of Condado and Old San Juan on November 12, 2013 in San Juan, Puerto Rico. The island territory of the United States, Puerto Rico, is on the brink of a debt crisis as lending has skyrocketed in the last decade as the government has been issuing municipal bonds. Market analysts have rated those bonds as junk and suspect it's 70 billion dollar debt might be unserviceable in the near future. With no industry other than tourism and the recent collapse of the real estate market, the way out is unclear. (Photo by Christopher Gregory/Getty Images)