Government, almost broke, nears shutdown

? Puerto Rico is dangerously close to shutting down.

The U.S. Caribbean territory is staggering under a nearly $740 million budget shortfall and will run out of money Monday if Gov. Anibal Acevedo Vila’s bailout isn’t approved.

Vila urged Puerto Rico’s 3.9 million residents to pressure their lawmakers to approve his plan to take out a $638 million loan backed by a 7 percent sales tax.

The money would carry Puerto Rico through June 30, the end of this fiscal year.

The House of Representatives wants to impose a 4 percent sales tax instead and has refused to review the governor’s plan. The island now has no sales tax.