Puerto Rico heads towards debt default

Puerto Rico's economy is shrinking at an alarming rate. Officially the unemployment rate in the US territory is 13 percent, but some economists say it is three times higher. The US government says it is monitoring the situation. But without financial aid or a bail-out, the three and half million people that still live in Puerto Rico could be facing an even bleaker future.

Al Jazeera's Andy Gallacher reports from San Juan.