<P> In early 2017, the Puerto Rican government - debt crisis posed serious problems for the government . The outstanding bond debt had climbed to $70 billion at a time with 12.4% unemployment . The debt had been increasing during a decade long recession . This was the second major financial crisis to affect the island after the Great Depression when the U.S. government, in 1935, provided relief efforts through the Puerto Rico Reconstruction Administration . On May 3, 2017, Puerto Rico's financial oversight board in the U.S. District Court for Puerto Rico filed the debt restructuring petition which was made under Title III of PROMESA . By early August 2017, the debt was $72 billion with a 45% poverty rate . </P> <P> In late September 2017, the Category 5 Hurricane Maria hit Puerto Rico causing devastating damage . The island's electrical grid was largely destroyed, with repairs expected to take months to complete, provoking the largest power outage in American history . Recovery efforts were somewhat slow in the first few months, and over 200,000 residents had moved to Florida alone by late November 2017 . </P> <P> Puerto Rico means "rich port" in Spanish . Puerto Ricans often call the island Borinquén--a derivation of Borikén, its indigenous Taíno name, which means "Land of the Valiant Lord". The terms boricua and borincano derive from Borikén and Borinquen respectively, and are commonly used to identify someone of Puerto Rican heritage . The island is also popularly known in Spanish as la isla del encanto, meaning "the island of enchantment". </P> <P> Columbus named the island San Juan Bautista, in honor of Saint John the Baptist, while the capital city was named Ciudad de Puerto Rico ("Rich Port City"). Eventually traders and other maritime visitors came to refer to the entire island as Puerto Rico, while San Juan became the name used for the main trading / shipping port and the capital city . </P>

What is the original name of puerto rico