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There’s a new muni-debt crisis brewing in another U.S. territory

OCTOBER 1, 2019 | by Amanda Albright | BLOOMBERG

An economically struggling U.S. territory. A government-run electricity provider facing potential insolvency. A debate among public officials about whether debts are too burdensome to pay. That’s the situation in the U.S. Virgin Islands, where the power agency is contending with a financial squeeze that echoes what happened in Puerto Rico in the run up to that government’s record-setting bankruptcy.

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