Members of the Congressional Hispanic Caucus (CHC) have been working this week to address the financial and health care challenges affecting Puerto Rico.
U.S. Treasury Secretary Jack Lew paid a visit to Puerto Rico, where he held a press conference urging Congress to take action to help alleviate the island's massive debt and humanitarian crisis.
Only one candidate acknowledged Puerto Rico financial crisis, immigration and the Obama administration’s deportation raids during the Democratic presidential deabte: Martin O’Malley.
American video game retailing company, GameStop, is shutting down all of its stores in Puerto Rico amid the island's on-going economic crisis. A total of 35 stores will be closed at the end of March with at least 400 employees losing their jobs.
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 lost 9 percent of its population since 2004 because of economic crisis caused by lack of liquidity after paying back its $72 billion public debt.
Although the omnibus bill did not address Puerto Rico's financial crisis, Speaker of the House Paul Ryan, R-Wisc., has reportedly made the commonwealth's debt struggle a top issue for next year.
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.
Despite pleas from Puerto Rican officials including its governor, Congress will likely not include any relief for the U.S. territory in the omnibus spending bill.
U.S. Senate Republicans presented a bill that would allocate $3 billion in federal assistance to help dig Puerto Rico out of its massive $72 billion debt crisis.
Puerto Rico faces a critical deadline in its fiscal crisis on Tuesday, as the U.S. territory could default if it does not make a $355 million payment due this week.
The Obama administration is urging Congress to devise a plan to help rescue Puerto Rico from its massive $72 billion debt crisis before it implodes into an even bigger "humanitarian crisis."
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
Puerto Rico and the U.S. Treasury Department engaged in talks about a possible restructuring of the commonwealth's $72 billion debt, which would mark an important change in the relationship with the federal government.
With Congress not acting quickly enough to ease Puerto Rico's debt crisis, a Latino nonprofit organization filed a petition for the White House to get involved.
The Government Development Bank of Puerto Rico has gone to court in an effort receive $400 million in local property tax revenue the financial institution claims has being illegally withheld by the Municipal Revenue Collections Center (CRIM), a local collection agency
