Puerto Rico Officials to Creditors: It’s Worse Than We Thought
Puerto Rico planned to tell creditors Friday that it needs twice as long as initially projected to stabilize its economy. In a statement, Melba Acosta, president of the Government Development Bank for Puerto Rico, said the U.S. commonwealth will need 10 ...
Puerto Rico debt crisis needs to be solved, Treasury secretary urges
Puerto Rico is struggling with $72 billion in public debt that the governor has said is unpayable and needs restructuring. U.S. Treasury Secretary Jacob Lew urged Congress on Friday to pass legislation by March to help ease Puerto Rico’s economic crisis ...
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