WASHINGTON Puerto Rico, the U.S. commonwealth that recently declared a historic default, could be shut out of debt markets for two more years as it battles with fiscal challenges, the island’s governor said on Tuesday. Governor Alejandro Garcia Padilla said em... More »
NEW YORK The chairman of the U.S. House of Representatives’ Natural Resources Committee said on Monday legislation to address Puerto Rico’s growing debt and humanitarian crisis will be introduced for discussion on Wednesday, with a committee vote a week later.... More »
NEW YORK Puerto Rico, struggling to make its debt payments, outlined an increase in its financing gap on Monday, saying it now projects a $16.06 billion hole to fill, cumulatively, over the next five years, an increase of $2.1 billion from a September projecti... More »
Debt-ridden Puerto Rico started paying Christmas bonuses to public employees on Sunday and aims to complete the process within the next three days, the commonwealth government said. It had been unable to confirm for weeks if it could meet the Dec. 20 deadline ... More »
SAN JUAN Republican presidential candidate Marco Rubio told residents of Puerto Rico on Friday the island needed new political leadership as it grapples with its fiscal crisis, but protection under bankruptcy laws would not solve the U.S. territory’s problems.... More »
NEW YORK Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out of cash. Governor Alejan... More »
