(Reuters) - Puerto Rico announced a historic restructuring of its public debt on Wednesday, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market. While ...
Puerto Rico Gov. Ricardo Rosselló asked for a court-supervised restructuring of part of the commonwealth’s $70 billion in bond debt, in what amounts to the largest local government bankruptcy in U.S.
On May 3, 2017, the Financial Oversight and Management Board for Puerto Rico filed a voluntary petition for relief on behalf of Puerto Rico in federal court there. The filing required the Chief ...
To combat exposure to COVID-19, Puerto Rico Governor Wanda Vázquez Garced issued Executive Order EO-2020-023 on March 15, 2020, ordering an island-wide lockdown and curfew. The restrictions have been ...
Puerto Rican Governor Ricardo Rosselló announced Wednesday the island would seek to address its $70 billion debt crisis in federal bankruptcy court, marking the largest municipal bankruptcy filing in ...
Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Massive national strike today in Puerto Rico. We demand a debt audit. For dignity and ...
May 3 (Reuters) - Puerto Rico announced a historic restructuring of its public debt on Wednesday, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market.
SAN JUAN, Puerto Rico – Uncertainty is spreading across Puerto Rico and the US municipal bond market now that the US territory has taken an unprecedented step into federal court to restructure a ...