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Tuesday, January 19, 2016

AP EXPLAINS: What Congress Can Do About Puerto Rico's Debt

puerto rico - Bing News
AP EXPLAINS: What Congress Can Do About Puerto Rico's Debt
Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics. The island has been mired in economic stagnation for nearly a decade. The governor now ...
Puerto Rico debt crisis just got worse
Puerto Rico is running out of money faster than expected, leaving an increasing hole in the amount needed to operate and pay back investors. According to an updated fiscal plan, the island now estimates it's $16B short of the money it needs to cover debt ...
Puerto Rico Revises Plan to Reduce Debt as Optimism Dwindles
SAN JUAN, P.R. — Four months after announcing a grueling five-year plan for reducing the island’s vast debt and reviving economic growth, Puerto Rico’s top economic officials said on Monday that they had been too optimistic and revised the plan for ...

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