With the July 1st deadline for a $2 billion dollar debt payment for Puerto Rico looming, Congress...Read More
After seeing Puerto Rico miss a major debt payment in its ongoing fiscal crisis, local Puerto...Read More
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 More
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 More
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 More
“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
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