President of the United States, Barack Obama, signed PROMESA. (AP)

While Puerto Rico today becomes the first US state jurisdiction since the Great Depression to default on its constitutional debt, the higher spheres of power in the US capital begin to gather a list of possible candidates to constitute the Oversight Board. This board will seek to reestablish Puerto Rico's budgetary discipline and will give way to a renegotiation process for the Island's debt, if necessary.


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