Episode 833 • • 1:53:34 - 1:59:35
833: Manbuns & Mohawks
Puerto Rico Debt Crisis, PROMESA Act and Oversight
President Obama urges the Senate to pass the PROMESA Act to address Puerto Rico's crippling economic crisis and $2 billion debt payment. The bill establishes an oversight board with sweeping powers to restructure the island's finances. The hosts compare this board to the IMF's "Troika" in Greece, predicting a period of forced austerity for the territory.