Puerto rico debt crisis 2015

The Puerto Rico debt crisis kicked into full gear this year when it committed the largest municipal debt default in U.S. history...

The island territory revealed it made only $628,000 (1%) of a $58 million debt-service payment that was due Aug. 1, 2015.

In total, Puerto Rico owes $72 billion.

Watch the following video for a breakdown of how this dire situation began - and how it will impact U.S. markets and investors in coming months...