You might not realize it, but the financial crisis in Puerto Rico, a Commonwealth of the United States, could have a big impact on the US. Tax incentives have made buying bonds on the island so popular that about 75% of municipal bonds funds in the U.S. have cash invested on the island. That makes it all the more dangerous for the U.S. economy as the island continues to send out financial red flags.

Don't miss out on any of Fusion's highlights -- get Fusion today.
comments powered by Disqus

LEADERSHIP

Full interview: Maryland Gov. O'Malley talks Israel-Gaza conflict, child migrant crisis, and 2016

Maryland Governor Martin O'Malley joins Fusion's Jorge Ramos to discuss Israel, the crisis at the border, immigration reform, and why he wants to run for president in 2016.