The administration of the US territory has a $740m (Â£406m) deficit but neither the governor nor the legislature can agree how to resolve the problem.
More than 40 government agencies have been hit, making thousands jobless.
The crisis has led international credit rating agency Moody’s to downgrade Puerto Rico’s bonds.
The BBC article clearly outlines the key problem involved, yet I’m not seeing any solution being offered to fix it.
The government is the biggest employer in Puerto Rico, accounting for up to 200,000 jobs. It pays about $500m in salaries.