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Puerto Rico Bankruptcy

5 Things You Should Know As Puerto Rico Confronts Its Unpayable Debt

The Huffington Post | Daniel Marans | Posted 06.30.2016 | Politics

Puerto Rico's Government Development Bank defaulted on most of a $422 million debt payment that came due on Sunday, once again casting a spotlight on ...

Puerto Rico Activists Crash Federal Reserve Panel

The Huffington Post | Daniel Marans | Posted 04.08.2016 | Business

NEW YORK -- Over a dozen activists descended on a building where Federal Reserve chair Janet Yellen and her three living predecessors were speaking on...

These Charts Show Just How Much Puerto Rico Is Shrinking

The Huffington Post | Daniel Marans | Posted 03.26.2016 | Politics

The Obama administration has made the mass departure of people from Puerto Rico a central part of its pleas for congressional action to help the commo...

The Supreme Court Could Throw A Lifeline To Debt-Swamped Puerto Rico

The Huffington Post | Daniel Marans | Posted 03.22.2016 | Politics

WASHINGTON -- Puerto Rico had a good day, or at least a hopeful one, in court on Tuesday. The Supreme Court seemed receptive to Puerto Rico’s argume...

Inside the Billion-Dollar Battle for Puerto Rico’s Future

The New York Times | Daniel Marans | Posted 12.19.2015 | Latino Voices

The money poured in by the millions, then by the hundreds of millions, and finally by the billions. Over weak coffee in a conference room in Midtown M...

Puerto Rican Officials Say Congress’ Inaction Will Lead To ‘Humanitarian Crisis’ On The Island

The Huffington Post | Roque Planas | Posted 12.09.2015 | Politics

Puerto Rican elected officials pressed Congress forcefully on Wednesday to let the island take advantage of U.S. bankruptcy law before possibly defaul...

Supreme Court To Hear Puerto Rico's Cry For Help Over Debt Relief

The Huffington Post | Cristian Farias | Posted 12.04.2015 | Politics

The Supreme Court on Friday agreed to hear two related cases that could help Puerto Rico restructure some of its debt under the Recovery Act, a local ...

White House Asks Congress To Pass Major Puerto Rico Debt Relief

The Huffington Post | Roque Planas | Posted 10.22.2015 | Politics

The White House on Wednesday unveiled a sweeping plan to address the Puerto Rican debt crisis, proposing bankruptcy relief that would extend beyond th...

Puerto Rico's Private Sector Calls For Chapter 9

Dr. José Vázquez Barquet | Posted 08.20.2015 | Politics
Dr. José Vázquez Barquet

Chapter 9 is part of the solution to Puerto Rico's complicated debt and liquidity crisis. The alternative -- doing nothing and watching bondholders subject Puerto Rico to years of litigation and chaos -- would be a disaster for a business community that thrives on predictability and order.

Puerto Rico Defaults On Debt Payment

Reuters | Paige Lavender | Posted 08.03.2015 | Politics

NEW YORK, Aug 3 (Reuters) - Puerto Rico has defaulted on debt by paying only a fraction of what was due Aug. 1, showing the depth of the island's econ...

O’Malley: 'We Can’t Let Puerto Rico Fail'

The Huffington Post | Adriana Usero | Posted 08.01.2015 | Politics

Democratic presidential candidate Martin O’Malley is making his pitch to fix Puerto Rico’s financial crisis in the wake of the commonwealth missin...

Puerto Rico To Default After Missing Payment

Reuters | Andrew Hart | Posted 07.31.2015 | World

July 31 (Reuters) - Puerto Rico will miss a payment on debt due Aug. 1, the governor's chief of staff said on Friday, an event that will be considered...

Hedge Funds Want Puerto Rico To Fire Teachers To Pay Them Back

The Huffington Post | Simon McCormack | Posted 07.29.2015 | Latino Voices

As Puerto Rico teeters on the edge of default, a new report commissioned by a group of hedge funds insists the U.S. territory can avoid bankruptcy if ...

Puerto Rico Tourism Industry Lags Rivals, Offers Little Relief From Debt Crisis

Reuters | Paige Lavender | Posted 07.27.2015 | Politics

July 27 (Reuters) - Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean ...

Two More Democratic Senators Join Puerto Rico Bankruptcy Push

Reuters | Paige Lavender | Posted 07.21.2015 | Politics

NEW YORK, July 21 (Reuters) - Another two Democratic senators have agreed to co-sponsor a bill that would allow Puerto Rico's municipalities to use Fe...

Latino Groups Vow To Remind Voters Which Candidates 'Turned Their Backs On Puerto Rico'

The Huffington Post | Roque Planas | Posted 07.16.2015 | Latino Voices

Cristóbal Alex isn't from Puerto Rico. But the Mexican-American activist, born in El Paso, Texas, is outraged by what he sees as U.S. leaders' indiff...

Roque Planas

Puerto Rico Governor: It's Time For Bondholders To Share Our Pain

HuffingtonPost.com | Roque Planas | Posted 06.29.2015 | Latino Voices

Puerto Rico Gov. Alejandro García Padilla on Monday called for sweeping economic restructuring as the government appears headed toward a default, in ...

Laura Barron-Lopez

Gutierrez: Obama And Congress Have 'A Responsibility' To Help Puerto Rico

HuffingtonPost.com | Laura Barron-Lopez | Posted 05.21.2015 | Politics

WASHINGTON -- Rep. Luis Gutierrez (D-Ill.) said this week that the Obama administration is not doing enough to help the territory of Puerto Rico, home...