Among other things, all aimed at getting the u. S. Territory out of its 72 billion in debt. What an honor for us this morning here on tiempo to have via satellite new jersey senator bob menendez, the main sponsor of the legislation. Hes in washington, d. C. Good to see you this morning, senator. Thanks for being with us. Good to be with you, joe, and your viewers of tiempo. Let me jump right into it, to cover here. Senator, if i can summarize it correctly, i know that theres a 400million payment that puerto rico has to pay on may 1st, and then another big one in july. This stability and recovery package wants to provide puerto rican government with a wide restructuring authority, correct, that allows for the readjustment of all its debt. Senator, from my vantage point, it looks like bankruptcy, it sounds like bankruptcy, but its not . Well, its not quite bankruptcy because restructuring law, a actual part of the law that puerto rico was part of and years ago was stripped out. No one kn
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