Puerto Rico closes government offices

SAN JUAN, Puerto Rico - The government of Puerto
Rico ran out of money Monday, forcing the U.S.
commonwealth to close public schools and shut
down government offices, putting almost 100,000
people out of work.

The legislature and governor failed to reach a
last-minute accord that would have averted the
first-ever partial shutdown of the government in
island history.

Bumping up against the tax limit?

It's just temporary...this time. Isn't it?

Full report.