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 ...

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 ...

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.

Puerto Rico’s government is suing a private power company, claiming it is responsible for damages to appliances caused by ...

Democratic presidential candidate Bernie Sanders warned of a humanitarian crisis in Puerto Rico Monday, calling on the U.S. government to support a debt restructure in the territory.

Puerto Rico's governor believes the U.S. territory's $72 billion public debt is unpayable, his spokesman confirmed late Sunday, June 28, 2015, adding another blow to the international financial ...

Power companies face protests, financial problems. The Puerto Rico Power Authority has also grappled with chronic financial problems. Facing $9 billion in debt, the troubled power company ...

The executive director of a federal control board that oversees Puerto Rico’s finances says it is “impossible” for the U.S. territory to pay the $8.5 billion bondholders are demanding in a ...

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 ...

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 ...