U.S. Rep. Raúl Grijalva, D-Ariz., called for the House Natural Resources Committee to hold a hearing on the role of hedge funds in Puerto Rico's financial crisis.
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.
Sen. Marco Rubio, R-Fla., does not support Puerto Rico's efforts to gain U.S. bankruptcy law rights. According to the Republican presidential candidate, Puerto Rico's leaders must lead through the difficult and necessary spending cuts and "out-of-control" big government.
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.
In light of Puerto Rico's staggering debt crisis and economic struggles, some advocates are pushing for the island to break free from the United States and re-join Spain.
New York officials will make a one-day trip to Puerto Rico to discuss the island's economic and health crisis. New York Gov. Andrew Cuomo leads the delegation comprising of the state's elected officials and Medicaid experts.
While there are no Electoral College votes from Puerto Rico, the 2016 presidential candidates have been making the outreach toward the commonwealth island. Former Maryland Gov. Martin O’Malley became the first 2016 presidential candidate, regardless of political party, to travel to Puerto Rico to address the economic and health crisis affecting 3.6 million inhabitants.
Martin O'Malley will be the first presidential candidate, regardless of political party affiliation, to visit the commonwealth of Puerto Rico on Aug. 1. Former Maryland Gov. O'Malley's visit to Puerto Rico comes as the island faces health care and an economic crisis with $70 billion debt.
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.
A coalition of medical workers, insurers and hospitals in Puerto Rico have launched a media campaign petitioning Congress not to slash the Island's healthcare funding in wake of its $72 billion debt crisis.
Senate Democrats finally introduced legislation aimed to help Puerto Rico's $70 billion debt crisis.Democratic Sens. Chuck Schumer of New York and Richard Blumenthal of Connecticut announced the "The Puerto Rico Chapter 9 Uniformity Act" (S. 1774), which would grant the island commonwealth the authority to allow its municipalities and public utilities to adjust their debts through bankruptcy court supervision.
Democratic presidential candidate Martin O’Malley addressed the largest national Latino civil rights and advocacy organization in the U.S. and heavily focused on immigration and its impact on the economy.
With Puerto Rico facing $70 billion of debt, U.S. congressional lawmakers are attempting to introduce legislation granting the commonwealth to file for Chapter 9 bankruptcy.
Puerto Rico should be given access to U.S. bankruptcy laws to restructure some of the $72 billion of its public entities' debt, Democratic presidential frontrunner Hillary Clinton said on Tuesday.
Puerto Rico is $70 billion in debt, and their trouble continues with a declining population. Puerto Rico is $70 billion in debt, and their trouble continues with a declining population.
Entering its eighth year in recession, Puerto Rico has poured considerable effort and energy into better-positioning the capsizing economy. Puerto Rico's government has launched a website to attract ideas from citizens, asking them to submit ideas on how to reverse the U.S. territory's bleeding economy.
David Tawil of Maglan Capital, which owns some of Puerto Rico's debt, stated in an interview earlier in March that he believes the U.S. territory won't default, and that $2-3 billion of financing will quell the financial pressure. Puerto Rico has a deal of fruitful, robust double-digit returns on tax-free bases, but poorly-run finances have lead to its current economic status.
