Puerto Rico is in the midst of a "bleak spiral" of an economic crisis, according to court documents describing its request for bankruptcy protection from the United States.
President Trump can point to some good economic news since he took over, most notably a healthy job market and continued boom for stocks and housing. But consumer spending has weakened and the trade deficit is still an issue.
Labor Secretary Alexander Acosta had glowing things to say about the April jobs report. House Democratic leader Nancy Pelosi cheered the numbers too, but warned that repealing Obamacare could hurt the economy.
Aetna is exiting the individual market in Virginia after suffering big losses in Obamacare. It will announce whether it will remain in two other states in coming months.