Tag: debt

Puerto Rico Will Default on $422 Million Payment Today

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 […] Read More >

Obama Administration Drafts Bankruptcy Protection Plan for Puerto Rico

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 […] Read More >

As UN Debate on Decolonization Begins, Puerto Rico Presses for Self-Determination

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’ […] Read More >

Painful Budget Cuts, Tax Hikes Are Rousseff’s “Last Chance,” Newspaper Says

Top Story — Brazil’s President Dilma Rousseff is “hanging by a thread,” daily newspaper Folha de São Paulo said in a front-page editorial Sunday, which argues that Rousseff’s government will […] Read More >

In Televised Address, Puerto Rico’s Governor Says Island’s Debt Is “Unpayable”

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,” […] Read More >

In Declaring Puerto Rico’s Debt “Unpayable,” Governor Shifts Position on Debt Restructuring

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 […] Read More >