Washington looks into Puerto Rico's debt crisis
WASHINGTON — 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 governor says Puerto Rico's debt is unpayable and needs restructuring.
Optimism Reaches a Rock Bottom as Puerto Rico Revises its Plan to Fill Debt Financing Gap
In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they ...
Puerto Rico's First Debt Deal Is Running Up Against a Deadline
Puerto Rico is starting to make investors sweat when it comes to wrapping up the island’s first deal to begin cutting its $70 billion of debt. The Puerto Rico Electric Power Authority, the island’s government-run utility, needs lawmakers to approve ...
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 ...
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