Federal default threat highlights dependence on federal funds in the territories
While President Joe Biden (D) and Speaker of the House Kevin McCarthy (R) have agreed to and...
Read More
Tag: Default
Predicting whether Puerto Rico will go bankrupt in 2016
Predicting whether Puerto Rico will go bankrupt in 2016 With the July 1st deadline for a $2...
Read More
Central Florida Community demands action as Puerto Rico defaults on debt payment
Central Florida Community demands action as Puerto Rico defaults on debt payment After seeing...
Read More
Puerto Rico partially defaults
Puerto Rico partially defaults After failing to identify enough funding to make a $422 million...
Read MorePuerto Rico Defaults
Puerto Rico has officially defaulted on its debt, and what happens next is pretty much anyone’s guess. With little, if any action in Congress, we will have to wait and see what is done to address the crisis. CNN Money...
Read MorePuerto Rico on the brink
Late Sunday evening brought devastating news to Puerto Rico: in an interview with The New York Times, Governor Alejandro Garcia Padilla decided that the debt load of the territory is not payable. The interview, prompted by the...
Read MorePuerto Rico’s terrible economy is causing a population exodus
CNN Money joins the chorus of media outlets covering Puerto Rico, its default risk and ongoing exodus. The problem looks like this: Puerto Rico has similar debt to New York — a very large state economy — but it only...
Read MoreAnother day, 10 more problems
“Está lloviendo sobre mojado.” With that phrase, (roughly translated: it is raining over wet land) Puerto Ricans usually summarize situations when a bad situation worsens with every minute. And it can now summarize...
Read More
