Puerto Rico poised to miss another debt deadline as financial crisis rages on

The island some have called 'America's Greece' looks poised to default on its $72bn debt for a second time amid anger over territory's 'Wall Street captors'

Debt-racked Puerto Rico looks all but certain to miss a second repayment deadline on Tuesday - a move that is likely to worsen the financial crisis in the US territory and turn up the political heat on a Caribbean island that has been dubbed "America's Greece".

Puerto Rico's government development bank is due to make a $354m payment to bondholders on 1 December but is unlikely to be able to pay. Puerto Rico governor Alejandro Garcia Padilla was still negotiating with creditors late Monday.