News

Rep. Alexandria Ocasio-Cortez condemned the corporate profiteering of "vulture funds" during a hearing, spotlighting how ...
“Puerto Rico’s debt is unpayable,” said former Gov. Alejandro García-Padilla in 2015. Under his administration and President Obama’s last term, PROMESA was imposed, including its ...
Puerto Rico’s government is suing a private power company, claiming it is responsible for damages to appliances caused by ...
U.S. District Judge Laura Taylor Swain ruled on Tuesday that the bondholders weren’t entitled to any recovery from Puerto Rico on their debt bonds, as their claims arose from the “purchase or sale of ...
Puerto Rico's power company on Thursday rejected a new proposal from bondholders that calls for an $8.1 billion debt exchange amid growing concerns the public agency could be the first one in the ...
Board rejects rate increase to help restructure debt of Puerto Rico power company. The Puerto Rican flag flies in front of the Capitol building in San Juan, Puerto Rico, July 29, 2015.
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor said Monday night he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion ...
Puerto Rico holds the most debt by far with $52.8 billion as of 2022, which is 47% of its gross domestic product. Guam ($2.5 billion of debt as of 2023), the Virgin Islands ($2.2 billion as of ...
There remains no clear path on how to best reduce the debt of Puerto Rico’s power utility, a mediation team warned US District Judge Laura Taylor Swain, who is overseeing the seven-year bankruptcy.
SAN JUAN, Puerto Rico (AP) — The executive director of a federal control board that oversees Puerto Rico’s finances said that it is “impossible” for the U.S. territory to pay the $8.5 ...