Puerto Rico Hopes U.S. Supreme Court Supports Efforts to Dig Out of Debt

Puerto Rico Hopes U.S. Supreme Court Supports Efforts to Dig Out of Debt

The debt burden for bankrupt U.S. Commonwealth Puerto Rico is a whopping $72 billion. Governor Alejandro García Padilla and others told the Senate Judiciary Committee that Puerto Rico had run completely out of cash. But, the island’s efforts to restructure some of the debt, according to a 2014 Recovery Act, may conflict with U.S. bankruptcy […]

Puerto Rico Default and What It Means

Puerto Rico Default and What It Means

Puerto Rico has made headlines by defaulting on its debt payments and what it means for the future of the country. Puerto Rico is a commonwealth territory of the United States. The Caribbean island has essentially been a colony, with no voting rights in the United States legislative branch, for more than a century. The […]

An Island Saddled in Debt Could Have Impact on U.S. Economy: Puerto Rico

An Island Saddled in Debt Could Have Impact on U.S. Economy: Puerto Rico

While the economic crisis in Greece has garnered worldwide headlines, another island economy saddled in debt and facing defaulting on loans could have a big impact closer to home – Puerto Rico, the Caribbean commonwealth that is part of the United States. The recession in Puerto Rico has lingered for years, the population is tired […]

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