Puerto Rican Gov. Alejandro García Padilla. (Image: PresidenciaRD/Flickr, CC BY-NC-SA 2.0)

Top Story — Puerto Rican Gov. Alejandro García Padilla announced on Sunday that his administration has enacted a debt moratorium, meaning the U.S. territory will default today on a $422 million payment — the largest default to date for the crisis-stricken island. The announcement comes after the U.S. government failed to agree on a restructuring…

San Juan, Puerto Rico's Milla de Oro financial district, dubbed the "Wall Street of the Caribbean." (Image: Carlo Giovannetti, CC BY-SA 3.0)

Top Story — The Obama administration on Wednesday proposed a series of measures to assist Puerto Rico in restructuring its $72 billion in debt. The proposal will grant Puerto Rico and other U.S. territories a means of declaring bankruptcy, which they are currently barred from doing. The announcement by the Obama administration came on the…

United Nations Plaza, New York City. (Image: Banfield, CC BY-SA 2.5 ar)

NEW YORK — Advocates of Puerto Rican self-determination have for decades claimed that their status as a U.S. commonwealth amounts to second-class citizenship, but regular petitions to the United Nations’ Special Committee on Decolonization have so far been fruitless. This year, however, leading figures in the statehood and independence movements are more hopeful than ever…

Puerto Rican Gov. Alejandro García Padilla speaks about the U.S. commonwealth's economic crisis in a televised address to the public. (Image: La Fortaleza, public domain)

Top Story — In a televised speech delivered in a somber tone on Monday, Puerto Rican Gov. Alejandro García Padilla said that Puerto Rico’s $73 billion public debt is “unpayable,” confirming similar remarks made yesterday to The New York Times, which laid out steps for the restructuring of the U.S. commonwealth’s debt obligations. “The public…

Puerto Rican Gov. Alejandro Gardéa Padilla. (Image: La Fortaleza, public domain)

In a televised speech delivered in a somber tone on Monday, Puerto Rican Gov. Alejandro García Padilla said that Puerto Rico’s $73 billion public debt is “unpayable,” confirming similar remarks made yesterday to The New York Times and laying out steps for the restructuring of the U.S. commonwealth’s debt obligations. “The public debt, considering the…

Puerto Rico's Governor Alejandro García Padilla. (YouTube, screenshot)

Top Story — Puerto Rico’s government submitted a budget request on Wednesday of around $9.8 billion, representing austerity cuts of some $674 million as the U.S. territory continues to face a harsh financial crisis after eight years of economic recession. Struggling under the weight of $72 billion in public debt, the island’s Governor Alejandro García…

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Readers, Today in Latin America will be on hiatus until Dec. 1. Happy holidays! Top Story — Puerto Rican authorities on Tuesday announced the seizure of 500 kilograms of cocaine worth approximately $11.5 million, one of the largest drug busts this year. The seizure follows a series of significant drug hauls in the U.S. island…

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NEW YORK — The People’s Climate March drew more than 300,000 people to Manhattan on Sunday to demand world leaders to take action on climate change. Demonstrators came from all over the world, including many from Latin America. Latino immigrant farmers from Florida and Dominican construction workers from the Bronx also joined the mix. The march…

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Top Story — Puerto Rican officials reported that 70 percent of the 1,136 murders on the island last year could be attributed to drug violence, prompting Puerto Rican governor Luis Fortuño to ask the U.S. federal government to increase its assistance in patrolling Puerto Rico’s coasts. This week, Puerto Rican authorities made a major drug…

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Top Story — Puerto Rican Governor Luis Fortuño has proposed an ambitious plan to make Puerto Ricans bilingual in English and Spanish by the year 2022, an effort that he hopes will pave the way for U.S. statehood. Fortuño wants public schools to teach all classes in English, with the exception of Spanish literature and grammar instruction….