In hopes of providing the necessary aid to allay the dire financial situation in Puerto Rico, the House Republicans came up with a draft legislation on Tuesday, March 29. But, it wasn't without an ensuing dissension from the other side of the House fence.
Puerto Rico Gov. Alejandro Garcia Padilla is continuing his campaign for congressional leaders to move forward with legislation that will give the U.S. commonwealth solutions for its debt and health crises.
Members of the Congressional Hispanic Caucus (CHC) have been working this week to address the financial and health care challenges affecting Puerto Rico.
The government of Puerto Rico on Feb. 1 released the details of its plan to restructure the commonwealth's massive debt and satisfy creditors' demands, but the island's creditors was questioned by one bond insurer.
Puerto Rico will take the next step in efforts to resolve its fiscal crisis on Jan. 29 by presenting investors with an offer to swap existing bonds for two new types of securities.
Puerto Rico Gov. Alejandro Garcia Padilla announced bond insurers have sued the island. Adding on to the commonwealth’s financial crisis, Puerto Rico has now been sued for failing to repay creditors.
Puerto Rico's government is readying for the legal fallout from its latest default on debt payments, with Gov. Alejandro García Padilla noting that the U.S. territory is trying to anticipate potential lawsuits but admitting that it would be "very hard (to be) 100 percent prepared."
Puerto Rico may default on at least some of its bond payments as early as Jan. 1, 2016, which might lead some bondholders to file suit and others to hold off to see if the U.S. commonwealth might recover some liquidity.
Puerto Rico has encountered further negative publicity as a result of its financial crisis. Puerto Rico has encountered further negative publicity as a result of its financial crisis.
The Puerto Rican government, scrambling to avert the U.S. territory's impending default, is facing unexpected opposition from the Wal-Mart chain, which is suing the commonwealth in an attempt to overturn new taxes the retailer claims are discriminatory and violate the Constitution and federal law.
On Friday the Supreme Court agreed to listen to Puerto Rico's request to reinstate a law which might allow the U.S. territory to restructure $20 billion of their massive debt
Despite rumors to the contrary, on Thursday the White House made it clear that there are no plans to provide a financial bailout to alleviate Puerto Rico’s massive debt crisis
On Monday Rafael Roman, the Puerto Rican secretary of education, announced that he had signed a new regulation that offers a more inclusive atmosphere for gay, lesbian and transgender students.
Puerto Rico's economic recovery working group released its comprehensive plan to save the commonwealth. The Working Group for the Fiscal and Economic Recovery of Puerto Rico published the Fiscal and Economic Growth Plan (FEGP), which include proposals for economic growth with reform measures.
A New York delegation wrapped up its one-day solidarity trip to Puerto Rico, where elected officials spoke with health and economic experts about the island's struggles.
A group of hedge fund economists released a report in which they offered a list of tough solutions to alleviate Puerto Rico’s current economic problems and the U.S. territory's $72 billion debt.
