P.R. is in the midst of a debt crisis. Muni Bonds issued years ago are now considered "junk' because they trade at low face values and high interest rates. This has lured Hedge Funds to the "rescue", who are now adamant that Congress NOT allow a Puerto Rican bankruptcy. This is because:

		Hedge Funds want to use their own ability to manage debt to rescue the island's economy. Interference from the Feds is burdensome and not required.
		The bonds are insured so the damage of default is slight.
		The Hedge funds can make money on a debt restructuring
		Bankruptcy will result in a "haircut", or loss in value to the investors and they will be lucky to get 70 cents on the dollar. Hedge Funds would want a "bailout" such that the taxpayer has to literally pay off the debts.